In: Finance
Requests for Proposals (RFPs) a complete informative report vary according to organization and states. The purpose of RFPs should be clear to each party , the report should be extensive enough to provide complete detail , time , conditions , performance and methods. RFPs may range in length from 5 to 100 or more. However, RFPs should have some common features, like writing a detailed statement of Purpose at start.
For example a statement of purpose of XYZ transportation company intends to engage the services of Consultant Ltd.
STATEMENT OF PURPOSE : The XYZ transportation company ("XYZ") would like to use the services of an engineering company, as Consultant Ltd (Consultant) to give engineering and construction management services for all purpose with connection with the metro services and office administrations under approval by XYZ’s Board of Directors. The Consultant must have to deliver all required engineering services with XYZ any other external parties suggested by XYZ. The services are bounding to each other for 3 years.
The contract awarded under this RFP may be funded in whole or in part by the XYZ. The successful completion of any project will be responsibility of both companies together.