What does RFP stand for and why is it so important to meeting planners

What does RFP stand for and why is it so important to meeting planners
What does RFP stand for and why is it so important to meeting planners, convention center, and hotels? Describe the components of a RFP and the steps that an event planner must go through in developing one. Which parts of a RFP are more likely to be open tonegotiation? If there is a dollar value beneath which a RFP is not required, then state what it is, by category.