Request for Proposal
From Business Continuity Management (BCM) and Disaster Recovery (DR) Wiki Glossary
| 1. Request for Proposal is the publication of a document that invites and informs prospective vendors and service providers on the type of services or products that a company is attempting to purchase or procure.
An RFP is a solicitation for potential contractors to submit their bids in a competitive process.
| |||||||
|
(Source: Business Continuity Management Institute - BCM Institute) |
