Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Request for Proposals (RFP)”
  • Request for Proposals (RFP)

    The document used to solicit proposals from potential providers (proposers) for goods and services. Price is usually not a primary evaluation factor. Provides for the negotiation of all terms, including price, prior to contract award. May include a provision for the negotiation of best and final offers. May be a single-step or multi-step process. Introduced in the Armed Services Procurement Act of 1962 as well as by the Competition in Contracting Act of 1984.

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