Request for Proposal (RFP)
A document used to request vendors to propose solutions for the delivery of complex products or services or to provide alternative options or solutions. It is a process that uses predefined evaluation criteria to determine the best value for money for the university (i.e., price is not the only factor). The RFP process brings structure to the procurement decision and is meant to allow the risks and benefits to be clearly identified at the beginning of the process. All notices of RFP opportunities are listed on an electronic tendering system known as MERX for a minimum of 25 calendar days.