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.

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  • During the meeting he made a proposal to supply us with the building materials we need to complete the project.

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

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