The purpose of a request for proposal (RFP) is to outline a company's requirements for a project or service, and to invite proposals from vendors or contractors who can meet those requirements. The RFP process allows companies to compare and evaluate different solutions and providers before making a decision, ensuring that they receive the best possible value for their investment. The RFP also helps to establish clear expectations and requirements for both parties, which can help to reduce misunderstandings and disputes during the project or service delivery.
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