RFP Intro

RFPs vs Rounds

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RFPs

  1. Strategic alignment - Proposals are expected to align with broader strategic goals, ensuring they contribute to long-term objectives.
  2. Detailed specifications - Each RFP comes with specific and clear requirements, allowing for precise and targeted proposals.
  3. Separate lifecycle, quicker turnaround - RFPs operate on a distinct timeline, often with faster decision-making processes, allowing for more agile responses to needs.
  4. Flexibility in the selection process - The process for selecting proposals is adaptable, accommodating different criteria or conditions as needed.

Rounds

  1. Open & Free - These funding rounds are accessible to anyone, with no entry barriers, fostering inclusivity and broad participation.
  2. Room for surprise - The process allows for unexpected and innovative ideas to emerge, encouraging creativity and out-of-the-box thinking.
  3. 100% community driven - Decisions and directions are entirely guided by the community, ensuring that the outcomes align with the collective will and interest of the participants.

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Random Points

  1. RFPs and proposals are structured in a predefined format and published
  2. RFP proposal’s details are hidden for the public, until the submission
  3. The Proposal selection process can be fully central, or utilize our Community
  4. All projects in DF are Milestone-based. Payments are done after each 

A fully end-to-end community-driven process including ideation and RFP creation by the commun

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The Process

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  4 Simple Steps

  1. Description text
    An RFP is submitted using a standard template and published on our platform (click to check the example). The RFP Includes budget, timelines, max nr of awarded proposals, requirements, and more. Each RFP has an owner and and optionally team members that will help select the proposals.
  2. Open for proposals
    Teams can use our multistep flow to describe the details of their proposal, define milestones and related budgets, allocate and invite team members, and submit. NB: submission details are ONLY visible to the RFP owner and team. The rest of the community will only see the title, summary, and proposer.
  3. Internal review
    The RFP team will assess the proposals and can do one of 3 things: Extend the submission period (when there insufficient proposals), select and award a winner or select a shortlist of proposals that will go to the next stage.
  4. Feedback and selection
    The public shortlist is open for feedback and questions from the wider community. The Deep Funding Community experts can make the final decision on the awarded proposal(s).

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Random Points

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  1. 2 or 3 BIG DF rounds per year in scheduled intervals
  2. RFPs are decoupled from DF rounds

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Creating a good RFP Proposal

A good Request for Proposal (RFP) should have clear and stringent criteria that help eliminate proposals that are not feasible or come from teams that lack the necessary quality or experience. This ensures that only serious and capable candidates are considered.

The RFP should include specific and comprehensive details to ensure that the proposals are aligned with the desired outcomes. It should also address compatibility with existing systems and the potential for integration, ensuring that the project can be successfully implemented.

While the RFP needs to be strict and detailed, it should also provide enough flexibility to encourage creative solutions and allow proposers to differentiate themselves with unique approaches. This balance helps to foster innovation while maintaining alignment with the project’s goals.

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