What is an RFP?

In the world of business, there are many acronyms. Many of those acronyms are specific to a particular industry. When learning about an industry, one of the things that can be a hinderance are the acronyms that you read or hear from industry experts. In the world of business, if you are seeking the services of another company you may want to get more than an estimate on how much something will cost. You want an exact amount of how much you will be charged for a service. In this  case, you are asking for or requesting a proposal. The acronym for this is RFP which stands for “request for proposal”.