🏢 Stage 8 — RFP Approval & Release
🎯 Goal
Ensure RFP is:
- Complete
- Risk-free
- Legally sound
- Ready for formal vendor engagement
👥 Who Is Involved
- CIO / CTO
- Procurement
- Legal
- Risk & Compliance
🛠 What Happens
| Function | Activity |
|---|---|
| Legal | Reviews liability clauses and penalties |
| Risk Team | Reviews vendor dependency risks |
| IT | Validates technical completeness |
📦 Output
- RFP is Approved
- RFP released to shortlisted vendors
- Timelines shared
- Q&A window (vendors can ask clarification questions)
- Submission deadline
At this Stage : Vendors now start preparing proposals
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