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HRM3703 EXAM PACK 2023

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QUESTION 1 1.1(a) briefly describe what an RFP is (2 marks). -Request for proposal (RFP) refers to a document that solicits potential consultants or vendors to submit proposals and bids for propose ... d work. The purpose of a request for proposal (RFP) is for organisations to get proposals from vendors for solutions that will meet the particular need of the organization. Depending on the nature of the project, the proposal can be lengthy or very brief. (b) Provide five items that Hardware Mecca should have included in the document that they had to prepare about their company (use information from the case study to briefly describe some of these items (5 marks – ½ marks are allocated in this question). - Mecca hardware should have included an introduction of the organisation and its mission. Included in this section will be information about the products and services that they offer and also perhaps their track record (Hardware Mecca sells hardwarerelated equipment, hardware, paint, basic building material and related products to several retail companies). Highlight any special recognitions, technical capabilities and qualifications that may differentiate their company from competitors and make their company an ideal fit. This usually represents the first stage of the procurement process. -Describe their proposed terms and timeline in detail. Specify how they plan to satisfy the requirements and objectives outlined in the RFP. In this regards, the vendor should specify this clearly. -Include pricing information. Pricing is usually determined by their cost plus how much profit margin they expect to earn. Before they set their price, it pays to research how similar products or services in their industry are priced so that they can be competitive. -The authorised signature and contact details will also be included, as well as procedures to follow if the particular proposal is accepted. -Data analysis and relevant statistics should be included, and facts and figures should be included as far as possible. In some cases it might require some additional research by the vendor, as this will enable them to answer particular questions. The organisation producing the RFP should indicate clearly what the procedure is to follow. Organisations which set out an RFP document should preferably include information for the bidders regarding requests for additional information. [Show More]

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