Request For Proposal. An invitation for providers of a product or service to bid on the right to supply that product or service to the individual or entity that issued the RFP.

Use RFP in a sentence

I responded to an RFP to provide a team of biologists to analyze the data and provide products for the National Health Institute.

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The city council put out an RFP for a 10-story multi-use building in the heart of downtown that could support a hotel, business and retail space.

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When my company wanted to find a new supplier of widgets, it asked a bunch of other companies that sell widgets to send it proposed prices and terms of sale through an RFP.

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Reykjavik Interbank Offered Rate (REIBOR) rho