Governance
Request for proposal (RFP)
An RFP invites vendors to bid on a defined project with the same specs so the board can compare apples to apples. Even small HOAs benefit from two or three written quotes on big spends. Share evaluation criteria before bids arrive to keep the process fair.
These definitions are for general education only. They are not legal, financial, or tax advice. HOA rules vary by community and location—confirm details against your governing documents and qualified professionals before you act.
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