When a company needs to develop custom software or acquire a tech solution, it’s essential to find the right provider. One key tool for doing this is the RFP (Request for Proposal). A well-structured RFP not only communicates your needs clearly, but also allows you to compare providers on equal terms.
In this guide, we explain how to create an effective software RFP, what it should include, and why it’s so important to ensure the success of your investment.
An RFP (Request for Proposal) is a formal document a company issues to request detailed proposals from potential vendors. In the context of software development, an RFP describes the business needs, technical and functional project requirements, timelines, budget, and proposal evaluation criteria.
Include a brief description of your organization, mission, industry, size, and project background. This helps vendors understand the context in which you operate.
Summarize why the project is being undertaken and what problem it aims to solve. This helps guide the solution approach.
Detail what the project includes (and does not include), such as:
If you have an MVP or roadmap, mention it here.
List the key requirements the system must meet, including:
Indicate desired dates for:
If possible, provide a budget range so vendors can assess alignment. This isn’t for negotiation, but to filter out unrealistic proposals.
Explain how each proposal will be evaluated. Examples include:
Specify how vendors should submit their proposal: structure, required documents, questions to answer, attachments, etc.
Include:
Once you receive the proposals:
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