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In this video tutorial, the presenter explains how to create an RFP (Request for Proposal) response template using Word. The discussion begins with an example template available for purchase. Key components to include in the template are outlined, starting with the cover page. The cover page should feature the RFP number and a clear title in large font, as these elements are often requested by the issuer for internal organization. The tutorial aims to guide viewers on what to incorporate in their response template to ensure it meets standard requirements and effectively conveys necessary information.