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Essay Details

Subject: Business
Date: April 2, 2008
Length: 2 / 520
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Essay text:

The RFP is approved by project management prior to issuance. Once approved, procurement issues the final RFP. Riordan standardizes the RFP format and includes the following information in all RFPs at minimum: ? A brief company background and history ? Contact information for the RFP which is a procurement employee ? A schedule outlining the proposal process including appropriate due dates ? Decision making criteria ? Brief project summary including goals and timeline ? Riordan's target market, if appropriate ? Detailed information concerning: o Project's primary and secondary goals o Project budget o Project scope o Project timeline o Design requirements, if applicable, including drawings and specifications o Performance requirements, if applicable o Contract type o Quality requirements including testing, if required o Working relationship requirements o On-going support and maintenance requirements, if applicable Procurement is responsible for gathering and organizing all bidder responses to the RFP...

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Once responses are received, the Contract Selection Committee meets to review the bids. The committee consists of the project manager, two people from procurement and the appropriate functional managers. The committee narrows the field to a few qualified bidders and presents the finalists to the project sponsor outlining the committee's recommendations...

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