02/07/2022

Guide to Issuing RFPs:

Making it effective and easy for nonprofits

Nonprofit organizations need quality services, delivered at an appropriate price, from providers who understand and align with their organizational values and/or mission. In evaluating service provider(s) and/or conducting periodic due diligence for your investment program, a request for proposal (RFP) can be a valuable part of the management toolbox.

As a fiduciary, it can be in your best interest to issue an RFP periodically, and as needed in response to issues with your current provider, to determine that your organization (and its investment program) is receiving the service it deserves.

In this article, we share seven key steps for an effective RFP process and provide a list of sample questions.

Please select this link to read the complete blog post from PNC.