How Does RFP Timeline Work?
Definition
The schedule for RFP activities including document creation (1-2 weeks), vendor outreach (1 week), Q&A period (1 week), response time (4-6 weeks), evaluation (2-3 weeks), and final selection (1-2 weeks) totaling 10-15 weeks for complete procurement."
Why This Matters
Adequate evaluation time enables thorough assessment, stakeholder alignment, and reference checks. Rushed evaluations increase the risk of overlooking important considerations. Vendors pressuring for quick decisions should be questioned about their motivations.
Related Terms
Showing semantically related terms from our RFP knowledge graph. Priority connections are highlighted.
Essential Connections
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.
Submission Deadline
RFP Fundamentals
The final date and time for vendors to submit completed RFP responses.
Procurement Timeline
RFP Fundamentals
Schedule from procurement initiation through vendor onboarding including key milestones and deadlines.
Evaluation Timeline
Vendor Management & Evaluation
Schedule for reviewing vendor responses, conducting demonstrations, and selecting finalists.
Selection Timeline
Vendor Management & Evaluation
Schedule for final vendor selection including shortlist creation, executive presentations, negotiations, and contract execution.
Vendor Evaluation
Vendor Management & Evaluation
Comprehensive assessment of software vendors across product fit, security compliance, implementation capabilities, company qualifications, and total cost of ownership.
Contract Negotiation
Pricing & Total Cost
The process of finalizing terms with the selected vendor including pricing adjustments, SLA modifications, customization scope, payment terms, and exit clauses.
Showing 7 semantically related terms ·Browse all 200 terms
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