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A request for proposal is used to submit a solicitation in the form of a bid for some type of commodity, service, asset, or property. It is typically used to get information about the proposed asset or service. This can include a history of the asset's ownership, financial information, information about the seller, or the product's availability.
A company may use a request for proposal to ask for services such as upgrading technological equipment, construction, or other services. This can ensure a business gets the best contractors and companies for the job. It also allows them to compare prices so they get an appropriate price for the assets or services.
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