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In today's video, we learn how to create an RFP response template using Word. The presenter showcases a purchasable template and details essential elements to include. The first element discussed is the cover page, which may have specific requirements depending on the RFP. It is recommended to include the RFP number for internal tracking and to display the title prominently in large font for easy identification upon opening. The tutorial aims to provide guidance on creating an effective and standard cover page for RFP submissions.