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A project proposal, also known as a business proposal, outlines the approach to executing a project that meets specified requirements and constraints. It serves as an introduction for prospective clients, showcasing your team's qualifications and fit for the project. The proposal acts as a written commitment detailing your planned execution if awarded the contract. It should balance self-promotion with clear commitments to the project's scope, timeline, and budget. Tailoring a proposal template for different situations can streamline future proposals, facilitating quick iterations in response to new requests.