A Request for Proposal (RFP) is a critical tool for hotels seeking to acquire new products, systems, or services, such as Property Management Systems (PMS). It serves as both a document and a structured process that enables organisations to collect and evaluate information from various vendors. By clearly articulating the hotel’s requirements and expectations, an RFP helps to ensure a comprehensive and fair assessment of potential solutions, particularly when selecting a PMS.
This process not only aids in identifying the most suitable offerings, like a PMS, but also facilitates informed decision-making and negotiation. For hotels embarking on the RFP journey, understanding its purpose and structure is essential for successfully navigating the vendor selection process.
Is an RFP a Document or a Process?
It is both. Yes, an RFP is a document—a questionnaire that seeks information about an available product, system, or service. It is also a specifically structured, multi-step information collection and evaluation process.
An RFP solicits information from the issuing organisation (such as a hotel or a hotel group) about the details of the product or system, like a PMS or service offered by several competing vendors. It enables that organisation to compare not only those vendors’ products but also all the accompanying services—implementation and training, user support, etc.—and their proposed pricing.
Structure of the Ideal RFP
The ideal RFP begins by clearly explaining the issuing company’s business details and the reasons for its interest in securing this type of product, particularly a PMS. It describes the current functionality requirements of the product, system, or service, together with future expectations of it. Once drafted, reviewed, and approved within the organisation, the RFP document is ready for distribution to pre-qualified vendors.
Detailing Vendor Responses
The RFP asks each vendor who has received it to describe their product in detail. When that level of detail is provided in the vendors’ responses, the hotel or hotel group can determine the suitability of each proposed product. Through this suitability assessment, the RFP issuer can then identify the products it wishes to examine in greater detail. The detailed RFP response moves the selection, negotiation, and implementation process along in an informed and efficient manner.
Importance of the RFP Document
The RFP document is the central information-gathering tool in the RFP process. It equips the receiving vendors to understand the issuer’s needs, such as those related to a PMS, and to tailor their replies to the many questions that the RFP asks in an accurate and informative manner.
RFP Formats
A number of RFP formats have emerged—some seeking detailed text-style answers, others streamlined to seeking “Yes/No” answers or “0–5” scores in a spreadsheet. We believe the text-style format to be the most useful since it yields significant information, supporting in-depth analysis of each vendor’s product. This format also enables an effective comparison of the features and functions, the supporting services, and the proposed pricing.
Standard RFP Structure
The structure of the RFP questionnaire is relatively standard. It is explained, and examples of an introduction of the issuer, the explanation of the requirement, and sample questions are provided in the RFP Kit you can download. We hope it will be helpful to you.
You can download the Shiji RFP Guide and supporting templates below:
RFP Guide – PDF File
RFP Scorecard – Excel File
RFP Template – Word File
