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A project proposal, also known as a business or work proposal, outlines the approach to meet specific project requirements and constraints. It serves as a key communication tool for potential clients to understand your team's capabilities and suitability for the project. The proposal should highlight your strengths and differentiate you from competitors. Additionally, it acts as a written commitment detailing what will be executed upon winning the contract, including scope, timeline, and budget. To streamline the process, investing time in creating a proposal template can facilitate quick iterations as new requests arise.