what is a rfp contract
The Request For Proposal (RFP) outlines the bidding process and contract terms, and provides guidance on how the bid should be formatted and presented.A RFP is typically open to a wide range of bidders, creating open competition between companies looking for work.Next Up. Request For Proposal for a specific program may require the company to review the bids not only examine their feasibility, but also the health of the bidding company and the ability of the bidder to actually do what is proposed.