proposal is a document that is based on an explanation of the product(s) or services with an estimation of cost on which it is offered to a company. Along with cost estimation, the bid proposal also contains information about that particular product(s) or services. Bid proposals are offered by companies to other entities in order to sign them as a customer. Bid proposals can be solicited or unsolicited. In a solicited bid proposal is a response to a request for proposal and just consider a as an official document and is known as a bid later in the process of contracting while in an unsolicited bid there is no contractual agreement between the two parties that is the author of the bid proposal and the bid recipient.
Professional bidding is usually used to submit via a bid form that can be printed and handwritten however; as a need of the modern world, these days printed bid forms have a positive impact. Usually, bid forms have two copies one for submission and one for keeping in your own file. A bid proposal includes information about job completion, required material, total cost and an estimated time frame for its completion. Additional to this information, professional bid proposals include qualification list, subcontractors if any and an overview that show a procedure of accomplishments. Bid proposals that involve physical work also include a safety plan based on detailed information about steps that will help in minimizing work injuries and other physical damage and loss.