•   A Request For Proposals (RFP) is sometimes confused with: 

o   Invitation for Bids

o   Request for Quotation (RFQ)

o   Request for Tender (RFT)

o   Request for Qualifications (RFQ)

o   Request for Information (RFI)

Many RFPs are mandated to establish what is new and available to satisfy an organization's needs. The financial world has changed radically in a very short time. It has become more complex; providers have become more sophisticated in the services they can bring to bear. It takes a seasoned professional to walk you through this changed world and get you the most appropriate services.  This is where RFP Consultants' training and experience will help.

An RFP presents your company to the world, so it is important to write it well.

A clear, concise summary of who you are and what you want will lead to excellent Proposals.

Good proposals lead to responses that are accurate, well priced and lead to cooperative, mutually satisfying working relationships.

·  Critical questions whilst developing an RFP:

o  What information should you divulge to get the best responses?

o  What do you need to ask potential suppliers to be able to rate and evaluate them?

o  Who can write the RFP and consolidate the responses so that you can make an informed decision?

o  Who has the knowledge and the time to do all this??

Aye, there is the rub says Hamlet...