The Request for Proposal (RFP) is increasingly prevalent in every industry. Clients submit them to vendors from whom they want information and an estimate, and then the vendor (such as a designer) comes back with a detailed proposal.
As a public service to you, our prospective clients, and all the other "boutique" consulting firms out there who have long since pulled out their hair, here are 10 simple guidelines to improve your RFP process in 2013 and beyond.
Mandatory audit rotation as a blanket rule is probably not cost effective. Instead, the PCAOB should require the audit committee to issue a RFP for the auditor engagement every 15 years, but allow the existing auditor to participate in the bidding process.
A long time ago in a business not so far away, a king sat considering his fate. The weather had been poor during the last growing season, the peasants were getting restless and neighboring kingdoms were disappearing.