
4. When to Use Offer and Contract? Redeeming an Offer Proposals are ideal for the early stages of a business relationship when a client is researching options and comparing potential vendors. For example, a marketing agency might present a potential client with a proposal that outlines a strategic plan, estimated budget, and projected results for a campaign. At this stage, the proposal serves as a tool to define your vision and approach for the project, providing the client with enough information to decide
When to use the offer: In response to a request for proposal (RFP) from a customer If the customer is still considering multiple suppliers Providing an initial estimate or project outline Demonstrate expertise and align with client goals Use of Contract A contract is used when both parties agree on the details presented in the proposal and are ready to formalize the deal. The contract finalizes the arrangement by setting forth the legal terms that bind both parties to perform as agreed.