Request for Proposal / Request for Information definition
Request for Proposal / Request for Information. (RFP) means a procurement document that requests vendors to supply solutions for the delivery of complex products or services or to provide alternative options or solutions. The RFP process uses predefined evaluation criteria, in which price is not the only factor. A Request for Information (“RFI”) may be issued before an RFP if the marketplace is not well understood, or a range of options are being considered.