A request for proposal (RFP) is a document that is created and submitted by a potential contractor to a homeowner or property owner in order to secure a project. It’s usually used when there’s an upcoming project that requires detailed bids, such as renovations or new construction. The RFP outlines the scope of work, budget requirements, timeframe for completion, and any special considerations which must be taken into account during the planning process.
The primary purpose of an RFP is to provide all relevant information so that contractors can properly assess the job and decide if they wish to submit a bid. This allows the homeowner or property owner to compare proposals side-by-side with ease in order to select which option best fits their needs while considering cost effectiveness and quality of workmanship. An RFP also outlines all expectations regarding performance; this ensures both parties are aware of their roles throughout the duration of the contract.
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