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hi guys Mark here with Walters world and today what were talking about is requests for proposals basically these are solicitations that companies put out to suppliers in order to basically find out what people have on offer so for example if Im looking to get a new computer system for my company Ill put out a request for proposal to a bunch of different computer suppliers and Ill see who will give me the best deal or who will give me what I want or see what they have to offer or lets say youre looking to build something okay we want to build a new school well you put out a request for proposal in order to find out what Architects and Builders would propose that you do how what would they charge how would they build it to give you all kinds of ideas whats great about these request for proposals is once you put it out there when you do it at the early part of your procurement process you put it out there and you can get all kinds of new ideas from lots of different sources okay u
