Request for Proposal

Noun · Startup & VC

Definitions

  1. A formal document issued by a buyer inviting vendors to respond to specified requirements, pricing, and implementation details. RFPs are common in enterprise and public-sector procurement and often lengthen sales cycles substantially.

    In plain English: A formal buyer document asking vendors to propose how they would solve a need.

    Example: "The request for proposal looked routine until security and legal sections expanded it into a quarter-long process."

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