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A project proposal, or business proposal, outlines the approach needed to meet project requirements and constraints. It may be the first communication with a prospective client, showcasing your team's identity, achievements, and suitability for the project. The proposal serves as a written commitment detailing your intentions if awarded the contract, balancing self-promotion with clear commitments to scope, timeline, and budget. Investing time in a proposal template allows for efficient adaptations for future requests.