How long does it take to go through the Station A marketplace RFP process?

The whole process from RFP to term sheet is estimated to take two months to complete.

Once data is collected, the RFP can be open for as little as 3-4 weeks, depending on expected provider interest. Buyers are expected to respond to any information requests during this period. Once the RFP is closed, Station A will present the quotes so that they can be easily compared on as much of an apples-to-apples basis as possible.

Sample Timeline




RFP Open

Request for Proposal (RFP), the open period when providers can evaluate a project and submit a bid  March 31 -> April 28
RFI Questions Due Request for Information (RFI), refers to period of time where providers can ask questions of the project to the buyer April 7
Final Proposal Due   April 28
RFP Quote Presentation Station A's presentation of bids in an understandable and comparable format May 5
3-Way Term Sheet Executed Binding contract between the buyer, the provider(s) and Station A May 19