What is Call for Proposal (Request for Proposal, RFP)?

July 25, 2022

Glossary

What is Call for Proposal (Request for Proposal, RFP)?

Sales and AI terms from A – Z

Call for Proposal, Request for Proposal, RFP, B2B, Sales

Call for Proposal is the process by which a company asks a vendor to offer them something.

Call for Proposal is the process by which a company asks a vendor to offer them something. It is often used during a software evaluation process to make an initial selection, whereby a document specifying the required range of functionalities and other contractual specifications that have to be fulfilled by the vendor. After reviewing the documents, the client decides on his favorites and collects finalized license and service agreements. Vendors usually compete in the final stage to win the client's project.


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