What is RFP Evaluation?
Definition
The systematic process of reviewing, scoring, and comparing vendor RFP responses using predefined evaluation criteria and scoring rubrics. RFP evaluation involves cross-functional teams assessing product functionality, security compliance, implementation feasibility, and pricing to select the best-fit vendor."
Why This Matters
Systematic evaluation using scoring rubrics and weighted criteria transforms lengthy vendor responses into comparable scores. Structured evaluation reduces subjective bias and supports objective selection decisions.
Related Terms
Showing semantically related terms from our RFP knowledge graph. Priority connections are highlighted.
Essential Connections
Vendor Evaluation
Vendor Management & Evaluation
Comprehensive assessment of software vendors across product fit, security compliance, implementation capabilities, company qualifications, and total cost of ownership.
Scoring Rubric
Vendor Management & Evaluation
A weighted framework assigning numerical scores to vendor responses across evaluation criteria.
Evaluation Criteria
Vendor Management & Evaluation
Standardized requirements used to assess and compare software vendors including product capabilities, security certifications, implementation methodology, support SLAs, and pricing structure.
RFP Process
RFP Fundamentals
The systematic workflow for soliciting and evaluating vendor proposals including planning, document creation, vendor outreach, response collection, evaluation, and final selection.
Vendor Assessment
Vendor Management & Evaluation
Systematic review of vendor capabilities including product demos, reference checks, security audits, financial stability analysis, and roadmap evaluation.
Request for Proposal
RFP Fundamentals
RFP stands for Request for Proposal—a formal business document used to solicit vendor proposals for products or services.
Vendor Selection
Vendor Management & Evaluation
The systematic process of evaluating and choosing software vendors based on product capabilities, security compliance, implementation support, company stability, and pricing.
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