RFP
Noun
Meaning
(business) Initialism of request for proposal.
(law) Initialism of request for production.
Source: en.wiktionary.orgRelated terms
Examples
Between May 2019 and February 2020, while the companies worked on their designs, the Stryker Program Office proceeded with the development of a final Request for Proposal (RFP) for the MCWS.
Bonding authority still exists in theory for DMU procurement, but the RFP has since lapsed without any substantive action despite a months-long extension.
As a result, they buy on a generic set of features and functions on an RFP supplied by an industry analyst - and then try to find business processes internally that can be supported by that software rather than the other way around.
According to the RFP, “Total Equitable Compensation is defined to include: salary, defined benefit retirement (or equivalent), 401(k) matching, and health insurance with similar essential value and equivalent employer contributions.
Cost, for example, was ranked highest in the negotiation phase but carried a lower ranking during the RFP process.
Now, if the hospital RFP proves to not be a viable route for the city, Bane said the city will have to either convince MemorialCare, the hospital’s former operator, to sell the property to another provider or exercise eminent domain to take the site.