What type of document outlines specific requirements to receive proposals from vendors?

A Request for Proposal (RFP) is a formal document created by an organization when it wants to solicit proposals from potential vendors for specific services or products. The RFP outlines the project or service needs, the criteria for evaluation, the timeline for submission, and any terms and conditions that must be adhered to by vendors. This structured approach ensures that the organization receives competing proposals that can be fairly evaluated against established criteria, facilitating informed decision-making.

In contrast, a Request for Information (RFI) is generally used when an organization seeks to gather information on capabilities or availability from various vendors, rather than to solicit detailed proposals. The Vendor Proposal Overview refers more to a summary of proposals rather than the document that outlines how to submit them. Proposal Submission Guidelines would provide general information on how to submit proposals but would not encompass the broader requirements and specifics needed for the proposals that an RFP entails. Thus, the RFP is the most comprehensive and appropriate document for outlining the requirements to receive vendor proposals.