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A project proposal is a document that outlines the approach to fulfill project requirements and constraints. It serves as an initial introduction to potential clients, showcasing your team's identity, achievements, and suitability for the project. Essentially, it should differentiate your team from competitors. Practically, it acts as a commitment to deliver specific scope, timeline, and budget if awarded the contract. While each proposal may vary, creating a formatted template can simplify the process of developing future proposals.