A Request for Proposal is a document sent to suppliers asking them to submit a bid on a product or service. Risks and benefits are defined at the beginning of the process, minimizing problems later.

‘Tis the season--in the investment industry, the season of Requests for Proposal (or RFPs) by, for example, sponsors of retirement plans subject to the Employee Retirement Income Security Act of 1974 ...

Finding the perfect vendor for your next project can not only be a challenge but also extremely time-consuming. After weeding through the hundreds, even thousands, of companies in the industry, you ...

A request for proposal (RFP) gives businesses the opportunity to solicit a number of suppliers for services based on a set brief. It is crucial because agencies rely on the information you provide to ...

New approaches to collaborative bidding are on the rise, so it’s important to know how to choose one from the other before making the switch. Industry pundits have debated the value of conventional ...

“The project economy has arrived,” claims the Harvard Business Review, as organizations around the world increasingly adopt project-based operational strategies. The efficiency models that flourished ...

Proposals will be evaluated on the importance of the healthcare challenge being addressed, the quality of the scientific and design methods, the effective use of the requested funds, involvement of ...

Oftentimes, in-house counsels or legal departments are constrained to look for external lawyers and firms to work on certain cases. A common practice would be to write a request for proposal or RFP.

A Request for Proposal (RFP) is the process by which a corporate department or government agency prepares bid documents to acquire equipment or services. RFPs are frequently published in the legal ...