Document background
The Request for Business Proposal (RFP) is a critical business document used in Malaysian commercial practice when organizations seek to procure significant goods, services, or solutions through a formal competitive process. It is particularly relevant when the procurement requires detailed technical or service specifications, complex pricing structures, or significant vendor evaluation. The document must comply with Malaysian contract law and procurement regulations, including the Government Contracts Act 1949 for public sector RFPs. It typically contains comprehensive information about requirements, evaluation criteria, and terms, enabling potential vendors to submit informed and competitive proposals. The RFP process in Malaysia often includes provisions for local content requirements and considers national economic priorities.
