Request for proposal

(RFP).

RFPs in banking

A request for proposal is a formal tender which communicates a customer’s requirements to the banks which are being asked to bid to provide services.

The RFP is used to facilitate selection of a bank or banks.

RFPs more generally

By analogy, similar communications in relation to the provision of non-banking services, or of goods.

See also

• Request for information
• Tender