// ROBOTICS AND SMART FACTORIES TERM
RFP
Stands for 'Request for Proposal,' a document a company issues to solicit bids from potential suppliers for a project or service.
TECHNICAL DEFINITION
A Request for Proposal (RFP) is a formal document issued by an organization to solicit detailed proposals from potential suppliers or vendors for a specific project, product, or service, outlining requirements, scope, and evaluation criteria to facilitate competitive bidding and selection.
BACKGROUND
The Armored Multi-Purpose Vehicle (AMPV) is an American armored fighting vehicle that is replacing the M113 armored personnel carrier and family of vehicles in U.S. Army service. The AMPV was designed and produced by BAE Systems, and is based on the Bradley Fighting Vehicle.
READ MORE ON WIKIPEDIASYNONYMS & ALIASES
- Request for bid
- tender
- solicitation
- procurement request
USAGE NOTE
Companies use RFPs to ensure a fair and transparent selection process for major contracts.