A Request for Proposal (RFP) helps in the bidding process by providing a structured mechanism for companies to solicit bids from potential vendors for a specific product or service. It outlines the bidding process and contract terms, and provides guidelines on how the bid should be formatted and presented. It also provides a clear understanding of the project's scope and objectives, which helps in attracting the right vendors. This way, the company can ensure they are comparing apples to apples, and choose the best vendor based on their needs and budget.
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