A Bid Proposal is a document that is used by an individual or an entity (a bidder or a contractor) when they participate in the bidding process. The purpose of the document is to provide all of the data about a bidder's goods or services to the client with the intention to offer the best conditions for a deal. The proposal summarizes important information in order to encourage the client to choose the bidder and hire them.
Generally, the document is submitted as a response to a Request for a Bid Proposal (or to an Invitation to Bid). After receiving Bid Proposals from all bidders, the client is supposed to analyze them and choose the one which they will find the most suitable. When making their decision, the client usually pays attention to the most important aspects stated in the document, which can be the price, the time period that the work will take, and the qualifications and experience of the bidder.
A printable Bid Proposal template can be downloaded through the link below.
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