A Proposal is 1) a written offer in response to an ITB (Invitation to Bid), ITT (Invitation to Tender), RFQ (Request for Quotation) or Inquiry that is the bidder's or contractor's plan or suggestion document. The Proposal includes price, time frame, terms of sale, and description of goods and services to be supplied. (Also, called as the Tender (UK) or Bid (USA)); 2) a presentation to a person or group of people to consider.
Related Definitions in the Project: The Project Management; Project; Project Proposal; Procurement
