As we’re stepping into a new era of Quandora, and expanding through Kaito, the content that we’re creating for you will step in the same direction. You will notice a shift towards how knowledge sharing can have a positive impact on several departments of an organization.
Today, we’re addressing the procurement department, by tackling the issue of RFPs.
A request for proposal (RFP) can be defined as a type of bidding solicitation in which a company or organization announces that funding is available for a specific project or program, thus allowing companies to place bids for completing the project.
The RFP outlines the entire bidding process, as well as the contract terms, but also provides guidance on how a bid should be formatted and presented. Find out what RFIs are, what the RFP process looks like, how to create an RFP based on a detailed template, how the RFP response process unfolds and who to send your response to.
Read the full article on the Kaito blog.