What is a Request for Proposals (RFP), and why is important?
Request for Proposals (also called Request for Application, Request for Assistance, etc.) is a document released by a funder to parties who might have an interest in applying for the described funds. These funders may be public or private in nature. The RFP illustrates the requirements of the funder, which can vary from rather simple (usually local or private funders), to highly complex (state and especially federal funders). While all the information contained in the RFP are important, there are at least three key elements that must be identified immediately: • Rationale or purpose of the funding source. It is critical to understand the goals of the funder before you begin. Usually the funder includes elements such as purpose of the program, the specific problem for which the funder is seeking solutions, allowable and unallowable costs, who is eligible to apply, and the types of services that can be provided. • Basic directions for document layout and submission. Many well-written app
Related Questions
- Why is the SBWMA going through the Request for Proposals (RFP) process for Collection Services and Facility Operations Services?
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