![Toy Car on bookshelf What is an RFP](https://onceuponanrfp.com/wp-content/uploads/2020/09/yellow-car-and-books-300x199.jpg)
Lesson 01: What is an RFP?
RFP is the acronym for Request for Proposal. You might also see the acronyms RFI, RFQ, or RFB. The “I” stands for Information and is frequently a predecessor to an RFP. The “Q” stands for quote and the “B” stands for bid. Some organizations use the acronym ITB, or Invitation to Bid.