Enterprise glossary and term center
Research and understand all the intricate terms and definitions that surround the ecosystem of enterprise resource planning (ERP), enterprise software and no-code tools.
- Enterprise terms
- Request for Proposal
- What is a request for proposal used for?
Request for Proposal - What is a request for proposal used for?
A request for proposal is a project funding announcement posted by an organization for which companies place bids. The RFP outlines the bidding process and contract terms and guides how the bid should be formatted. RFPs are used primarily by government agencies to get the lowest possible bid.