Question

once an organization decides to outsource project work, bids will be solicited by using a , which is often developed by the project manager

Answer 1

Once an organization decides to outsource project work, bids will be solicited by using a request for proposal which is often developed by the project manager.

A request for proposal is a business instrument that describes a project, asks qualified contractors to submit offers for its completion and makes the project public. The majority of firms, including many governments, favor using RFPs to start projects. When using an RFP, the company solicits bids and is responsible for evaluating the viability of the proposals received, the financial status of the businesses submitting bids and the ability of each bidder to complete the project.

RFPs are used for difficult cases that typically require a lot of subcontractors. They include details about the business sending the RFP, the project's parameters and the criteria for judging submissions. They also outline the requirements of the contract as well as the bidders' process.

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Full question: Once an organization decides to outsource project work, bids will be solicited by using a ______ which is often developed by the project manager