proposal
Definition
Solicited or unsolicited submission by one party to supply (or buy) certain goods or services to (or from) another. Unlike an offer, a proposal is not a promise or commitment but, if accepted by the other party, its proposer is expected to follow through and negotiate for the creation of a binding contract. If submitted in response to a request for proposals (RFP), it normally constitutes a bid.
proposal is in the Agreements & Contracts and Purchasing & Procurement subjects.
proposal appears in the definitions of the following terms:
abridged accounts,
cost realism,
cost validation,
terms of reference,
non-response bid,
bargaining negotiations,
award,
descriptive literature,
underwriter,
omnibus bill
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/proposal.html
email to a friend print this definition cite this definition