request for proposal Archives

RFP Evaluation Time? Here’s How to Pick the Right Vendor

Finding the right vendor is never easy. When your business issues a Request for Proposals (RFP), it is forming the foundation for a relationship that may last years. It’s critical to get this decision right, so having a proper RFP evaluation process is key. At The Bid Lab, we help clients on both sides of…

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IFBs and RFPs Explained

With so many initialisms in the bidding process, it can be difficult to differentiate exactly the purpose of each proposal type. There are RFPs, IFBs, RFQs, RFIs and myriad other varieties of requests and invitations (here’s a glossary). Each path offers its own benefits and compliance issues, as well as drawbacks, depending on your organization’s…

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