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Such companies may be skilled or specialized in several other fields but they might require an assistance from outside to excel in a particular field.
So, in such case, it may become necessary for such organization to ask for such assistance from an outside supplier, contractor or vendor. We can also call such process as a form of outsourcing.
This is where REQUEST FOR PROPOSALS comes into action.
Request for Proposals (RFP) is a kind of opportunity for suppliers to offer their proposals to the company asking for it. It can be though a bidding process in case of which, the company has the advantage of negotiating the prices they ask for offering their quality services required by the company...
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