In the workplace,a formal invitation to bid on a contract is called a
A)business offering.
B)request for proposal.
C)bid requisition.
D)project invitation.
E)request for bid.

Question

Quizplus · Accepted Answer

A formal invitation to bid on a contract is known as a Request for Proposal (RFP). This document outlines the specific requirements of the project, and interested parties will submit a proposal in response. The bidding process is essential in the procurement process, as it allows organizations to evaluate potential vendors and select the best candidate for the project.

In the Workplace,a Formal Invitation to Bid on a Contract