A request for proposal (RFP) is a formal document that an organization uses when it wants to acquire a product or service.
A company or an organization publishes the RFP that includes a detailed explanation of the requirements. The organization uses the RFP to solicit bids and identify the best partner in developing the product or service. It is a competitive process in which several companies may submit proposals.
Aidax can guide your company or organization through the RFP process for a solar project. Note that an RFP needs to be well written and also well evaluated before a contract can be awarded to the winning bid.
The RFP outlines what your company or organization is looking for and how it will evaluate proposals. It typically includes information in the following categories:
- Technical: Describe the business objectives of the project and details about the scope of the project including development, standards, outcomes, and deliverables.
- Administrative: Provide information about the company issuing the RFP, including its organization and operations.
- Financial: Outline information about the company’s business plan, financial data and risk analysis.
- Timeline: It is quite important for the bidders to commit to the milestones in order to prevent a project from dragging on for a longer than anticipated time period.