MEMORANDUM OF UNDERSTANDING (MOU)
MEMORANDUM OF AGREEMENT (MOA)
STATEMENT OF WORK (SOW)
A business plan is a formal written document containing business goals, the methods on how these goals can be attained, and the time frame in which these goals need to be achieved. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road map that provides direction to the business. It is also an essential tool businesses use to receive funding and investors. Business plan may be internally or externally focused.
A term of business proposal is a written offer from a seller to a prospective sponsor. Business proposals are often a key step in the complex sales process. A proposal puts the buyer's requirements in a context that favors the seller's products and services, and educates the buyer about the capabilities of the seller in satisfying their needs.
There are three distinct categories of business proposals:
Formally Solicited - These are proposals written in response to published requirements contained in a request for proposal (RFP), request for quotation (RFQ), invitation for a bid (IFB), or a request for information, (RFI).
Informally Solicited - These proposals are typically the result of conversations held between a vendor and a prospective customer. The customer is interested enough in a product or service to ask for a proposal. Usually, the customer does nit ask for competing proposals from other vendors.
Unsolicited Proposal - These proposals are marketing brochures. They are usually generic, with no direct connection between customer needs or specified requirements. Vendors use them to introduce a product or service to a prospective customer. They are often used a infographics one leaves behind at the end of an initial meeting, as a customer give-a-away, during trade shows and other networking events.
A capabilities statement is a concise, one page document of your business competencies, past clients or businesses you've worked with, and usually designed with HTML components such as your company logo. Think of this document as your business resume. It's purpose is to provide specific but compelling information that will convince potential customers to do business with you.
A general contract consists of the detailed agreement between an owner and a contractor (hereinafter the Agreement), Conditions of the Contract (general, supplementary and other conditions), drawings, specifications, addenda issued prior to the execution of the contract, etc.
A grant proposal is a very clear and direct document submitted to a government or civilian entity that outlines a proposed project and shows budgetary requirements and requests monetary assistance.
There are three distinct types of grant proposals
Letter of Inquiry (LOI) - A letter of inquiry usually goes to a foundation. It is, in essence, a way to pique a funder's interest in your project. You might choose to send several letters of inquiry to a number of foundations to see if your project fits with any of them.
Full Proposal - A full grant proposal follows a standardized format the includes a cover letter, a summary of your project(s), and the amount of money you'll need from the funder. Proposals can range in length from 5-25 pages.
Letter Proposal - A letter proposal is preferred to a long, formal proposal when writing to a corporate foundation asking for a monetary gift or proposing a sponsorship, or when writing to the marketing or advertising department at the corporation.