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A project proposal, also known as a business proposal, is a document that outlines the approach to meet specific project requirements and constraints. It is often the first opportunity for a potential client to learn about your team's capabilities and to understand why you are the best fit for the project. The proposal serves both as a marketing tool and a written commitment detailing your plans for scope, timeline, and budget if awarded the contract. To streamline the process, investing time in creating a proposal template can facilitate quicker iterations for future requests. The document should showcase your strengths while clearly defining obligations.