Q: Randy, what is an RFP and how does the process work?
A: An RFP or “Request for Proposal” is the starting point for contracting industry suppliers. Typically, the meeting planner will draw-up the RFP and then invite potential suppliers to respond. The RFP helps bring structure to the decision making process by allowing interested vendors to submit proposals based on the same criteria. Vendors benefit by learning what the planners expect and can respond in a way that meets or exceeds those expectations.
Vendors responding to a RFP should read it carefully and prepare their response as per any instructions outlined in the document. Also, most RFP deadlines are final so vendors submitting late proposals may not be considered.
Randy Markus is an operations specialist and partner at WTTC.com. Have an operations question you’d like answered? Leave it in the comments section below.















