Final answer:
The statement is true; RFPs often mention the type of contract the customer plans to use, which includes crucial information for vendors crafting their proposals.
Step-by-step explanation:
The statement in the question is true. Request for Proposals (RFPs) often specify the type of contract a customer intends to use. This is important for vendors or suppliers to understand the terms under which they would be working, including payment schedules, scope of work, and other contractual obligations.
In an RFP, the customer lays out the details of their project or needs, and part of that description can include whether the contract will be fixed-price, time-and-materials, cost-reimbursement, or another contract type. This enables the bidders to tailor their proposals to meet the customer’s expectations and financial structures. Including the contract type in an RFP helps prevent misunderstandings and aligns the expectations of both parties from the outset.