Document background
The Request for Proposal (RFP) is a crucial procurement instrument used in Hong Kong's business environment when organizations seek detailed proposals for complex products, services, or solutions. It is particularly valuable when the procurement requires a combination of technical expertise, innovative approaches, and cost considerations. The document must comply with Hong Kong's legal framework, including the Competition Ordinance and procurement regulations, making it suitable for both public and private sector procurement. RFPs are typically used when the value or complexity of the procurement requires a structured evaluation process, detailed technical specifications, and clear compliance requirements. This document enables organizations to make informed decisions through a transparent and competitive selection process while maintaining adherence to local regulatory requirements.
