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REQUEST FOR PROPOSAL INVESTMENT ADVISORY SERVICE SERVICES LB/LBIC-02/2011 Block D, Eco Glades 2, CNR Witch Hazel Ave & Olievenhoutbosch Rd, Eco Park, Centurion WitchE-mail address: info sandbank.co.ZA

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What is request for proposal?

A request for proposal (RFP) is a document that solicits proposals, often made through a bidding process, by an organization interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals.

Who is required to file request for proposal?

Any organization or entity that is interested in procuring a commodity, service, or valuable asset from potential suppliers is required to file a request for proposal.

How to fill out request for proposal?

To fill out a request for proposal, you need to provide the necessary details and requirements for the commodity, service, or valuable asset you are seeking. This may include specifications, budget constraints, evaluation criteria, and timeline. The RFP should be clear, concise, and structured in a way that allows potential suppliers to submit their proposals effectively.

What is the purpose of request for proposal?

The purpose of a request for proposal is to invite potential suppliers to submit their proposals for providing a commodity, service, or valuable asset. It allows the requesting organization to evaluate and compare multiple proposals to make an informed decision based on the vendors' capabilities, pricing, and other factors.

What information must be reported on request for proposal?

The information that must be reported on a request for proposal includes the specific requirements, specifications, budget constraints, evaluation criteria, timeline, and contact information. It should provide enough details for potential suppliers to understand the scope of the procurement and prepare their proposals accordingly.

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