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A project proposal, also known as a business or work proposal, outlines the approach needed to meet specific project requirements and constraints. It's often the first impression a prospective client receives about how your team will handle the project, providing an opportunity to demonstrate your capabilities and why you are the best fit. The proposal serves as a written commitment detailing what you plan to execute upon winning the contract, balancing self-promotion with clear commitments on scope, timeline, and budget. Investing time in creating a proposal template will facilitate quicker iterations for future requests.