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State of the RFP: a benchmarking study

Bonfire brings you the most comprehensive RFP benchmarking study — ever. 

Analyzing a sample of over 2000 anonymized RFP projects with a combined spend of $527M, we examine key questions, such as:

  • How are RFPs typically set up (pricing, stages, etc)?
  • How long does an RFP typically take? 
  • How much do you save by running an RFP? 
  • Are RFPs worth it? 

About the Author

Andy Baskerville

Andy is passionate about understanding the procurement challenges facing modern procurement teams, helping to inform and educate professionals on today's environment and technology, as well as sharing how Bonfire’s unique approach to competitive bidding and RFx projects can supercharge their teams.

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