RFP Template
Free Download
Download our free Rapid RFP Template to get your technology selection process started quickly.
The RFP Template is a basic version of our RRFP document and is ideal for those wanting to issue the RFP themselves without support from Viewpoint Analysis
The RFP template contains prompts and suggestions for the content that you may want to include in your RFP document.
An RFP (Request for Proposal) is a formal document issued to suppliers when asking for a proposal for a given product or service.
The RFP is usually issued to a 'shortlist' of suppliers and follows on from an RFI (Request for Information) which generally is issued to a 'longlist' of potential options. The RFI narrows down the longlist to a shortlist and makes the issue of the RFP more manageable. You can learn more about the differences between and RFI and RFP here.
Issuing the
RFP
The RFP template should make writing the RFP that much easier. However, it is really important that the RFP is issued correctly:
-
Let the vendors know it is coming.
-
Issue it to a shortlist - no more than 5 or 6.
-
Limit the questions spreadsheet.
-
Be clear on your timelines.
Making mistakes when issuing the RFP will almost always lead to a reduced number of partners submitting bids.
RFP Process
An RFP process can be very different from one example to another, however, it should have a range of core elements and a core team to make the process work effectively. These include:
-
A set timeframe
-
An RFP document
-
Requirements needed from the solution
-
A timetable of events
-
An agreed shortlist of vendors
-
Evaluation team
Benefits of an RFP Template
An RFP template is a great way to make a quick start to your vendor selection process. The RFP document is always difficult for those who have not issued an RFP before or have limited experience of RFP processes - unless you are in procurement, there is a good chance this might be your first experience.
An RFP template helps to guide the owner of the RFP process on what needs to be included and in what order - it's a whole lot easier than starting with a blank sheet of paper and a cup of coffee.
RFP Mistakes to Avoid
What RFP mistakes should you avoid if you want to ensure all of your shortlisted vendors respond to your document?
-
Keep the timescales tight
-
Ensure all vendors are on the same page
-
Reduce the burden and # of questions
-
Let the suppliers know it is coming
-
Allow for adequate response timescales
-
Provide feedback opportunities
-
Run a Q&A session
-
Keep senior stakeholders informed
Other
Options
RFI Template
If you are still in the early stages, an RFP might not be what you need right now. A Request for Information (RFI) is a great initial step and where you can move from a 'longlist' of potential options to the shortlist who will then receive your RFI.
Our Free RFI Template can be found at the link below. Like the RFP template, it features a basic version of our 'Rapid RFI'.
We publish a series of FREE 'Technology Longlist Guides'. Each looks at a different area (e.g. HR technology) and suggests vendors that may be worth your consideration.
If you are looking to issue your RFP but want advice on the vendors that could be useful, the Longlists might be what you need.
Whatever technology you need to find, our Vendor Selection Services will help at every step of the process - from our Matchmaker to our Rapid RFI and Rapid RFP.