glossarytech.com

RFP

Stands for Request for Proposal. A document to aid the procurement process, designed for bidding on potential vendors and a desired IT solution. It specifies what the customer is looking for and the evaluation criteria for assessing proposals, as well as background information about the organization behind the proposal.

First released19th century
Developed byCharles Babage, Marshall Kirkman and others

Interesting facts

The procurement process mostly evolved due to the digital evolution.

Sign up for updates
straight to your inbox

Subscribe