Responding to an RFP can cost a service provider between $3,000 and $5,000 for writing and production. It can cost the issuer far more when you factor in the time to generate, distribute and review all of the proposals. However, RFPs are a beneficial tool for your business if properly utilized and implemented. The process allows you to gain insight into the available options and evaluate the criteria that are most important. So how do you make sure that issuing an RFP is worth your while? In this article, I will outline five areas of best practice to help ensure that you get the right product or service for your company or matter.
By Guest Blogger: Liquid Litigation Management, Inc.
