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A project proposal, or business proposal, outlines a plan to meet specific project requirements and constraints. It serves as an opportunity to present your team's approach to a prospective client, highlighting your qualifications and suitability for the project. Essentially, it should distinguish you from competitors. Practically, it acts as a written commitment to what you intend to deliver if awarded the contract, balancing self-promotion with clear commitments regarding scope, timeline, and budget. Investing time in developing a proposal template can streamline the creation of new proposals as opportunities arise.