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Hi guys mark here with Walters world and today what we're talking about is requests for proposals basically these are solicitations that companies put out to suppliers in order to basically find out what people have on offer so for example if I'm looking to get a new computer system for my company I'll put out a request for proposal to a bunch of different computer suppliers, and I'll see who will give me the best deal who will give me what I want or see what they have to offer or let's say you're looking to build something okay we want to build a new school well you put out a request for proposal in order to find out what architects and builders would propose that you do how what would they charge how would they build it to give you all kinds of ideas what's great about these requests for proposals is once you put it out there when you do it the early part of your procurement process you put it out there, and you can get all kinds of new ideas from lots of different sources okay, so basically we do now is just give you guys the overall idea of what are the main parts of request for proposal so that you know what you need to share and what your suppliers will be looking for in there, so they know what to offer you so let's get started now if we look at request proposal what I'm going to go what I'm going to do is just kind of give you part by part, and it will change depending on the thing the supplies you're looking for okay so but this is just kind of a rough idea what you're going to have, so the first part is the statement of purpose basically what it is you stating the purpose and the terms of your products you want the suppliers to give you just like an overall idea so if I'm looking to get a computer system I'd say we are looking for a computer system for a university of 30,000 students that will be backward compatible to Windows 7 and forward compatible to touchscreens with the ability to have Wi-Fi for students to get their data from personal computers to you know University computers okay that gives people a rough idea, so Radio Shack probably isn't going to come for this, but IBM may say hey we do big Network solutions that would work and this helps you to kind of filter out some companies but also some suppliers it helps them filter out you know companies they can't really do the job for so that's the first thing statement of purpose the second thing you're going to have is background information give information about what you do how you do business and things like that, so people have an idea of whom they're dealing with that's where use your market segmentation who are your customers who are your clients what do they need so if I'm building a school well I say okay we're building a building okay roar I'll say we're building a school building okay we're going to school building so for a company like what does that mean from a builder oh I got chairs and desks and stuff like that no okay it's an elementary school okay, so I need...
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