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In this video tutorial, the presenter explains how to create an RFP (Request for Proposal) response template using Word. They offer an example of a template available for purchase and outline the essential elements to include. The first element discussed is the cover page, which should feature the RFP number for internal tracking and the title in large font for easy visibility. The presenter emphasizes the importance of following any specific instructions that may be provided in the RFP regarding the cover page. Overall, the tutorial aims to guide viewers in developing a comprehensive and effective RFP response template.