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In today's tutorial, we will learn how to create an RFP (Request for Proposal) response template using Microsoft Word. The video showcases an example template available for purchase and discusses essential elements to include. The first element is the cover page, which should feature the RFP number for internal reference and the title in large font for visibility. Specific cover page requirements might vary depending on the RFP, but having a standard template is beneficial. The tutorial emphasizes the importance of these elements for a successful response to an RFP.