Document background
The Request For Proposal Contract is a critical procurement instrument used in Indian business and government operations when organizations seek to acquire complex products, services, or solutions through a competitive bidding process. This document type is especially relevant when the procurement requires detailed technical evaluation, multiple rounds of assessment, or when the solution specifications are not entirely predetermined. The RFP Contract must comply with Indian procurement laws, including the General Financial Rules 2017, Competition Act 2002, and relevant industry-specific regulations. It typically includes comprehensive technical specifications, evaluation methodologies, compliance requirements, and draft contract terms. The document is particularly important for high-value procurements where transparency, fairness, and value for money need to be demonstrated, and is commonly used in both public and private sector procurement in India.
