Which type of procurement document includes the specifications and requirements for a vendor to provide a product or service?

The correct answer is the type of procurement document that includes detailed specifications and requirements for a vendor to provide a product or service. In project management, an RFP, or Request for Proposal, is specifically designed to outline not only the specifications of the product or service needed but also the criteria for evaluating proposals from potential vendors.

An RFP typically requests vendors to submit their qualifications, technical capabilities, and financial proposals, ensuring that the offering meets the project's needs. This document allows organizations to compare how different vendors propose to deliver the requested solutions and to assess them against established evaluation criteria.

In contrast, an RFQ, or Request for Quotation, typically focuses on price proposals and may not provide the comprehensive details that an RFP does. An RFI, or Request for Information, is generally used to gather general information about suppliers and their capabilities but does not solicit formal proposals. A contract is the final agreement that is established after the procurement process, outlining the terms and conditions of the agreed-upon service or product. Hence, the RFP stands out as the correct procurement document for comprehensive specifications and requirements.