MBA FP6235 Assessment 4 1.docx MBA-FP 6235 MBA-FP 6235 Assessment 4-1 Planning and Cond

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MBA FP6235 Assessment 4 1.docx MBA-FP 6235 MBA-FP 6235 Assessment 4-1 Planning and Conducting Procurements Cappella University Introduction Understanding what is needed from a vendor, service pr... ovider or contractor to complete a project and communicating that need to potential contractors can be critical to success of a project. The use of a request for proposal (RFP) is one of the documents commonly used in industry to solicit proposals from companies to meet specific needs. This document will cover the key components in a request for proposal and provide insight as to the advantages and disadvantages of different contract types. Request for Proposal A request for proposal (RFP) is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals. It is submitted early in the procurement cycle, either at the preliminary study, or procurement stage (Request for Proposal, n.d.). Use of an RFP is the preferred way for government agencies to ensure transparency when soliciting bids from qualified vendors and identifying vendors best qualified for a project. The format of an RFP may vary according to the organization writing it based on the needs and goals of a project. Key Components of an RFP Components that may be included in an RFP that describe the who, why, what, how, and when are: ï‚·The history of an organization ï‚·Detailed description or. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]

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