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A project proposal, also known as a business or work proposal, outlines the approach to fulfill a specific set of project requirements and constraints. It is often the first chance a prospective client has to learn about your team's capabilities and why you are the best fit for their needs. A well-crafted proposal not only differentiates you from competitors but also serves as a written commitment regarding scope, timeline, and budget if you win the contract. Putting effort into creating a proposal template can facilitate quick adaptations for future requests.