Request for Proposal

Three coworkers discussing results in meeting What are RFPs for

Requests for Proposals (RFPs) are a method of engaging multiple suppliers in a competitive bidding process to purchase products or services.

Toy Car on bookshelf 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.

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