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hi guys mark here is Walter's world and today what we're talking about is requests for proposals basically these are solicitations that companies put out to suppliers in order to basically find out what people have on offer so for example if I'm looking to get a new computer system for my company I'll put out a request for a proposal to a bunch of different computer suppliers and I'll see who will give me the best deal who will give me what I want or see what they have to offer or let's say you're looking to build something okay we want to build a new school well you put out a request for proposal in order to find out what architects and builders would propose that you do how what would they charge how would they build it to give you all kinds of ideas what's great about these requests for proposals is once you put it out there when you do it the early part of your procurement process you put it out there and you can get all kinds of new ideas from lots of different sources ok so basic

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