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.

Use proposal in a sentence

  • I wanted to present my idea to my team and hopefully they would sign off on it so I worked very hard on my proposal.

    19 people found this helpful
  • During the meeting he made a proposal to supply us with the building materials we need to complete the project.

    17 people found this helpful
  • The proposal to buy the competition was voted on by all the stockholders and the decision was unanimously accepted on the first vote.

    14 people found this helpful
Show more usage examples...



http://www.businessdictionary.com/definition/proposal.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z