What is an RFP?
How to write an RFP?
- Project background, introduction, and timeline
- Concise questions about service, pricing, and platform
- Clear expectations of TMCs responding
- Business problems or concerns: like customer-case and problem ticketing
Request for Proposal Process (RFP) for Travel Management Services
A request for proposal (RFP) in business travel is a document that enables a company to identify business travel needs and invite potential solutions from TMCs. It's distinct from both a request for information (RFI) and a request for quotation (RFQ). It requires a more thorough response from potential corporate travel agencies.The RFP process is unique to every company and can be as simple or as complex as necessary.There are many reasons why a company may be looking for a new TMC. Business travel is the second-largest expense after employee salaries, so cost reduction is key. If a TMC isn’t meeting your expectations, an RFP for corporate travel solutions is a must.Maybe your current TMC isn’t meeting your needs or lacks sufficient technology and processes. Perhaps you’re approaching the end of your current TMC contract and want to ensure you’re getting the best service available. Even if you’re a travel manager carrying out quality control, an RFP is the first step in the TMC procurement process.
An RFP includes some basic information as standard practice. Add further sections depending on your specific business travel needs. You may consider things like your current program, travel policy, data management, and review processes.It’s a good idea to engage internal stakeholders, such as finance or administration leaders, to ensure nothing is left out of the travel management RFP. Also, consider using an RFP template if you're unsure. As a benchmark, a good RFP includes:
Once you’ve met with internal stakeholders and crafted a comprehensive RFP, it’s time to check the shortlist and make your decision. The reasons for finding a new TMC are also the driving force behind your final decision-making process. Three key things to look out for are:
A TMC should reduce the overall costs associated with business travel—without jeopardizing quality. Compare pricing and explore how each TMC works to save on airfares, car rental, and any other ground transportation you may need.
Now more than ever, you need 24/7 customer service dedicated to solving your travel issues. From the first point of contact, you’ll be able to evaluate TMCs communication standards. However, don’t forget to check out customer experiences and recommendations too.Further than an online booking tool, you need to be able to contact your TMC quickly and easily. Whether it be over general account management, an unused ticket, or a cancellation. Be it via online chat or your account manager's telephone number—you need to be able to get in touch when things go wrong, and your employees will need the same.
To efficiently manage your bookings and travel, the TMC needs a comprehensive suite of technical capabilities. Further than the standard service level, you're looking for a TMC that innovates and adapts to change to continue providing a full service—no matter what.Past online booking tools and easy-to-use apps, you're looking for a TMC that strives to facilitate your corporate travel. TravelPerk introduced a travel safety integration to keep clients up to date with restrictions and regulations—look for those going above and beyond.
Take the time to sit down with prospective TMCs and discuss their services and capabilities. It’s important they understand your current business travel plan so they can suggest or develop the ideal travel program solution.Technology has revolutionized almost every industry, and corporate travel is no exception. Despite this, it’s not just the flashiest tech that should win your business. You need a TMC you can trust to support you and your employees when things go wrong—however that may be.Finding a versatile and reliable travel management company is no easy task, but these tips should help you connect with your ideal solution. Happy hunting.
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