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AI glossary

What is a request for proposal (RFP)?

A request for proposal invites suppliers to describe how they would deliver your project and at what price, so you compare approach, skill and cost.

In short

A request for proposal is a document a business sends to potential suppliers describing a project and inviting them to propose how they would deliver it and at what price. It lets you compare vendors on approach, expertise and cost in a structured way. For AI projects, a well-written RFP that states goals and constraints attracts stronger, more comparable proposals.

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