RFP refers to:

• A. Request for proposed information
• B. Request for proposal
• C. Reason for participation
• D. Rationale for prospectus

Answer: (B)

RFP stands for Request for Proposal. It’s a formal document issued by an organization when they know what outcome they want and need vendors to propose concrete solutions, timelines, and pricing to achieve it. The document outlines the project scope, requirements, evaluation criteria, and contract terms, and vendors respond with detailed proposals showing how they would deliver the project. The organization then compares proposals to choose the best fit. This is different from a request for information, which is only about gathering general data about capabilities without asking for a full solution or price. The other options aren’t standard procurement terms in this context.