Request for proposal (RFP)
also known as RFP
A formal document a prospective client issues inviting agencies to bid for a project, setting out requirements, scope and selection criteria.
For example, a company issues an RFP for a website rebuild, asking three shortlisted agencies to propose an approach, timeline and price by a deadline. The agency responds with a tailored proposal aimed squarely at the stated criteria.
Why it matters to your firm: RFPs can mean larger, well-defined deals, but they are competitive and time-consuming, so they are worth qualifying hard. Winning them rewards sharp positioning, relevant case studies, and a proposal that answers the brief rather than reciting capabilities.
How to respond to an RFP
- Qualify hard - is it worth pursuing?
- Answer the stated criteria precisely
- Lead with relevant proof
- Tailor the approach to their problem
- Present clear, well-structured pricing
- Hit the deadline and format exactly