Using the RFP (Request For Proposal) process to solicit new business can be a tricky endeavor. You don’t know who else is in the pool with you. Video projects can run the gamut from a few hundred, to tens of thousands of dollars.
An RFP is used where the request requires technical expertise, specialized capability, or where the product or service being requested does not yet exist and the proposal may require research and development to create whatever is being requested.
Not only are you supplying the price quote, you are sharing your approach, what I call in military terms, TO&E, Total Ordinance and Equipment. This is very valuable information. In essence, you are giving them a blueprint.
On the day the award is to be announced, you might not even get a phone call.
Some companies will use this process as a ruse to nail down an approach so they can take the project in-house or farm it out to a less qualified outfit for shorter money.
Sadly, I’ve seen both of these scenarios play out.
They got a name for the winners in the world
I want a name when I lose – Steely Dan