The Request For Proposal Process - 2846 Words

Cynthia Holden IS 578 The Request for Proposal Process Enterprises seeking a consulting firm or product vendor for management, strategy, outsourcing, software implementation, change management, or a host of other reasons issue a request for proposal (RFP) to elicit bids for services or products from vendors in the form of a responding proposal. The RFP process is a means of bringing structure and transparency to the procurement decision and the process allows both the client and potential vendors to vet each other to determine if they are suitable business partners. Before an organization issues the formal RFP to potential vendors, the organization completes several steps. Steps to the Formal RFP One of the most imperative steps†¦show more content†¦And the weight they will assign to each of the criteria. Drafting and Publishing the RFP Documenting the requirements for the engagement is essential, however the requirements need not be exhaustive as to limit the creativity of the respondents. The RFP team needs to take care that the RFP does not include the solution to the issue. In doing so, the team is essentially saying to the respondents, â€Å"We know what is best.† Consequently, some firms may conclude that the potential client is difficult to work with and not worth the effort of responding to the RFP. This limits the pool of respondents and the client may miss an opportunity to collaborate with a consulting firm or product vendor whose ideas and or products are beneficial to their organization’s project success. Requirements are just a portion of the RFP, it should also include, organizational background, short project description and project objectives: In my experience this is often the lengthiest section of the RFP, as it describes the characteristics that define a successful outcome of the project in the team’s estimation. It is worth noting that in general, specific, closed questions are easier to evaluate and score than open-ended ones. However, open-ended questions allow for creativity and may add to the evaluation time, as well as clarity on what the consulting firm or product has to offer. The RFP commonlyShow MoreRelatedPerforming A Cost Benefit Analysis1635 Words   |  7 Pagesstability are all reflected in vendor cost and would be reflected in the cost-benefit analysis and will aid in the vendor selection process. Request for information is the phase in the project where vendor information is requested. A request for information may include information such as rates, experience, and relevant reasons for the vendor’s application. A request for information or RIF is a good way to establish the vendor’s communication ability with potential clients. Electronic Health RecordsRead MoreProposal : A Proposal For Proposal1064 Words   |  5 Pagesbusiness, a request for proposal is a contract between two partners, or companies that one side offers the proposal while the other side will help to take care and mange that proposal to make it more successfully. This agreement is considered as a type of document which investors announce that funding is available for a particular project. Companies or investors have money, however the project is over their control because it requires a long and complex process. Therefore, a request for proposal is a needRead MoreThe Steps in the Acquisition Pr ocess for a Negotiated Best Value Source Selection1344 Words   |  6 PagesAcquisition is a process that requires teamwork with each individual and/or group working together to ensure that the customer is provided the greatest overall benefit in response to their requirements (best value). Acquisition planning should start once the need for supplies or services are identified. Integrated Product Teams (IPT) should be used when needed to help develop the acquisition strategy. The use of these teams will reduce false starts and delays resulting from unclear scopes ofRead MoreKey Issues and Concerns in the Development of a Proposal Essay1299 Words   |  6 PagesKey Issues and Concerns in the Development of a Proposal Key Issues and Concerns in the Development of a Proposal Introduction Status of the Opportunity The first steps taken after reviewing a Request for Proposal involves determining the status of the opportunity. (Johnson-Sheehan, 2008). In short one must determine if an opportunity or problem exists. The Request for Proposal under review indicates that Government officials are soliciting a vocational initiative that will be funded toRead MoreCorwin Corporation Case Analysis1005 Words   |  5 PagesCorporation is an internationally known rubber products manufacturer with a reputation for quality. Corwin’s management is conservative and favors expanding markets for existing product over new product development. The company receives frequent requests to manufacture specialty products. A strict management policy and a risk adverse culture results in a 90% no bid on specialty product inquiries. However, Corwin selected to respond to a bid from one of its customers. The project was a complete failureRead MoreProject Management Of The Project1246 Words   |  5 PagesThe propos al writing process is multifaceted, encompassing both the actual submission of a request for proposal as well as the management of the implementation of received funds. Through class lectures and assigned readings, we’ve discussed the various aspects that make up the process of grant writing. Through this essay, I will explain this process as it leads up the management of the project once funded. Furthermore, this essay will explain how to ensure that the proposal submitted addresses keyRead MoreAbstract. This Document Will Briefly Discuss Subjects And1361 Words   |  6 PagesAbstract This document will briefly discuss subjects and answer questions related to the development of a Request for Proposal (RFP). First, the purpose of the Management Requirements Section will be discussed and its importance to the RFP. As well, different methods will be reviewed that ensure suppliers provide buyers with the right resources, in addition to managing the risk associated with low quality resources. Further, the complexity of training logistics is discussed in comparison buyerRead MoreMock Request for Proposal1105 Words   |  5 PagesRequest for Proposals Ethan Binkley ENG/221 April 23, 2013 Request for Proposals (RFP) for: A a t Administrative Assistant Temps Microsoft Office Training Services Administrative Assistant Temps (AAT) 555 N. Business Park Avenue Nowhere NY 95952 Section 1: INTRODUCTION TO THE COMPANY 1.1 Introduction Administrative Assistant Temps (AAT) is an agency designed to fill short term, administrative and secretarial positions for companies around the globe. We have beenRead MoreRequest For Proposal Rfp ( Rfp )1738 Words   |  7 Pages REQUEST FOR PROPOSAL (RFP) PROJECT NAME COMPANY NAME STREET ADDRESS CITY, STATE ZIP CODE DATE TABLE OF CONTENTS 1. SUMMARY AND BACKGROUND 2 2. PROPOSAL GUIDELINES 2 3. PROJECT PURPOSE AND DESCRIPTION 3 4. PROJECT SCOPE 4 5. REQUEST FOR PROPOSAL AND PROJECT TIMELINE 5 6. BUDGET 5 7. BIDDER QUALIFICATIONS 6 8. PROPOSAL EVALUATION CRITERIA 6 1. SUMMARY AND BACKGROUND Center for Advance Research in Engineering (Care) is currently accepting proposals to Reverse Engineer the availableRead MoreCorwin Corporation Case Analysis997 Words   |  4 PagesCorporation is an internationally known rubber products manufacturer with a reputation for quality. Corwin’s management is conservative and favors expanding markets for existing product over new product development. The company receives frequent requests to manufacture specialty products. A strict management policy and a risk adverse culture results in a 90% no bid on specialty product inquiries. However, Corwin selected to respond to a bid from one of its customers. The project was a complete failure