Definition :
A request for proposal may be a bidding solicitation within which a company or organization announces funding is accessible for a selected project or program, and companies will place bids for the project’s completion. It outlines the bidding method and contract terms, and provides steerage on however the bid ought to be formatted and given. missive of invitation for proposal for a particular program might need the corporate to review the bids to look at their feasibleness, the health of the bidding company and therefore the bidder’s ability to try to to what it planned.
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Further Reading:
Lean Agile Software Development by Alan Salloway, Guy Beaver and James R. Trott.