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A project proposal, often referred to as a business or work proposal, outlines the approach to solving project requirements and constraints. It serves as a first impression for potential clients, showcasing your team's capabilities and why you are the best fit for the project. The proposal is a commitment to what will be delivered if awarded the contract, balancing self-promotion with clear commitments to scope, timeline, and budget. Investing time in creating a proposal template upfront can streamline the process of creating customized proposals quickly.