# What Are the Primary Legal Risks Associated with Changing RFP Scope after Proposals Have Been Submitted? ▴ Question

**Published:** 2025-08-08
**Categories:** Question

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## Concept

Altering the scope of a Request for Proposal (RFP) after the submission of proposals introduces a complex web of legal exposures that can undermine the integrity of the [procurement process](https://prime.greeks.live/area/procurement-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). The primary legal risks are rooted in the principles of [contract law](https://prime.greeks.live/area/contract-law/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and equity, which are designed to ensure a fair and transparent bidding environment. These risks are not merely theoretical; they have been tested and affirmed in courts, leading to significant financial and reputational consequences for organizations that fail to navigate them properly.

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## The Implied Contractual Framework

At the heart of these legal risks is the concept of “Contract A” and “Contract B,” a legal framework that has been particularly influential in Canadian procurement law but has parallels in other common law jurisdictions. Under this framework, the issuance of an RFP is considered an offer to enter into “Contract A,” which is an [implied contract](https://prime.greeks.live/area/implied-contract/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) governing the bidding process itself. When a bidder submits a proposal in accordance with the RFP’s terms, they are deemed to have accepted the offer of “Contract A.” This initial contract establishes a set of rights and obligations for both the [procuring entity](https://prime.greeks.live/question/can-a-non-binding-rfp-ever-create-unintended-legal-obligations-for-the-procuring-entity/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and the bidders. “Contract B” is the formal contract for the goods or services that is awarded to the successful bidder.

The terms of “[Contract A](https://prime.greeks.live/area/contract-a/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite)” are typically defined by the language of the RFP and the implied duties of fairness and [good faith](https://prime.greeks.live/area/good-faith/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). A key obligation of the procuring entity under “Contract A” is to treat all bidders fairly and equally. Changing the scope of the RFP after proposals have been submitted can be seen as a breach of this duty, as it fundamentally alters the basis upon which bidders have prepared their submissions. This can lead to claims of breach of contract from unsuccessful bidders, who may argue that they would have submitted a different, more competitive proposal had they been aware of the revised scope.

> The issuance of an RFP and the subsequent submission of proposals can create a binding implied contract that governs the conduct of the procurement process.

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## The Doctrine of Promissory Estoppel

Another significant legal risk arises from the doctrine of [promissory estoppel](https://prime.greeks.live/area/promissory-estoppel/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). This equitable principle can be invoked when one party makes a [clear and unambiguous promise](https://prime.greeks.live/area/clear-and-unambiguous-promise/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), and another party reasonably relies on that promise to their detriment. In the context of an RFP, the procuring entity’s detailed specifications and requirements can be construed as a promise to evaluate proposals based on those criteria. Bidders, in turn, invest significant time and resources in preparing their proposals in reliance on this promise.

If the procuring entity subsequently changes the scope of the RFP, a bidder may argue that they have been harmed by their reliance on the original terms. For example, a bidder may have invested in developing a specific technical solution or securing pricing from subcontractors based on the initial scope. A subsequent change could render this investment worthless. In such cases, a court may find that it would be unjust to allow the procuring entity to go back on its original promise, and may award damages to the affected bidder to compensate for their detrimental reliance.

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## The Duty of Good Faith and Fair Dealing

Underlying both the “Contract A” framework and the doctrine of promissory estoppel is the implied duty of good faith and [fair dealing](https://prime.greeks.live/area/fair-dealing/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). This duty requires that parties to a contract, including the implied “Contract A,” act honestly and not in a manner that would undermine the other party’s ability to receive the benefits of the contract. A procuring entity that changes the [RFP scope](https://prime.greeks.live/area/rfp-scope/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) in a way that is arbitrary, capricious, or designed to favor a particular bidder would likely be found to be in breach of this duty.

The duty of good faith and fair dealing is a broad and flexible concept, and its application will depend on the specific facts of each case. However, it serves as a powerful tool for courts to ensure that the procurement process is conducted in a manner that is fair and equitable to all participants. A breach of this duty can lead to a range of remedies, including the invalidation of the procurement process, the disqualification of the favored bidder, and the payment of damages to the aggrieved bidders.

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## Strategy

Navigating the [legal risks](https://prime.greeks.live/area/legal-risks/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) associated with changing RFP scope requires a strategic approach that balances the procuring entity’s need for flexibility with its obligation to maintain a fair and competitive [bidding process](https://prime.greeks.live/area/bidding-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). A failure to strike this balance can lead to costly litigation, project delays, and damage to the organization’s reputation. The following strategic frameworks provide a guide for assessing and mitigating these risks.

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## Categorizing Scope Changes

Not all [scope changes](https://prime.greeks.live/question/in-what-ways-does-the-definition-of-a-customer-under-rule-15c3-3-impact-the-scope-of-protection/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) are created equal. From a legal perspective, the materiality of the change is a key factor in determining the level of risk. Scope changes can be broadly categorized as follows:

- **Minor Clarifications** ▴ These are changes that do not alter the fundamental nature of the RFP but provide additional detail or correct minor errors. For example, clarifying a technical specification or extending a deadline by a few days would likely be considered a minor change. [These changes carry](https://prime.greeks.live/question/why-does-a-bilateral-rfq-carry-more-inherent-settlement-risk-than-an-exchange-traded-future/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) the lowest level of [legal risk](https://prime.greeks.live/area/legal-risk/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), provided they are communicated to all bidders in a timely and transparent manner.

- **Substantive Amendments** ▴ These are changes that alter the requirements of the RFP in a more significant way, but do not fundamentally change the overall scope of the project. For example, adding a new deliverable or changing the evaluation criteria could be considered a substantive amendment. These changes carry a moderate level of legal risk and should be handled with care.

- **Material Alterations** ▴ These are changes that are so significant that they effectively create a new procurement. For example, doubling the quantity of goods to be procured or changing the project’s core objectives would likely be considered a material alteration. These changes carry the highest level of legal risk, and in many cases, the most prudent course of action is to cancel the original RFP and issue a new one.

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## Risk Mitigation Strategies

Procuring entities can employ a number of strategies to mitigate the legal risks associated with changing RFP scope. These strategies should be implemented proactively, starting from the initial drafting of the RFP.

### Risk Mitigation Strategies for RFP Scope Changes

| Strategy | Description | Key Considerations |
| --- | --- | --- |
| Flexible RFP Drafting | Draft the RFP with a degree of flexibility that allows for minor adjustments without requiring a formal amendment. For example, the RFP could state that the procuring entity reserves the right to make minor changes to the specifications during the evaluation process. | The scope of this flexibility should be clearly defined to avoid ambiguity. Overly broad language may be challenged as unfair. |
| Transparent Communication | Establish a clear and transparent process for communicating any changes to the RFP. All bidders should be notified of any amendments at the same time and given a reasonable opportunity to revise their proposals. | The communication process should be documented to create a clear record of when and how changes were communicated. |
| Fair and Consistent Evaluation | Ensure that all proposals are evaluated based on the same criteria, including any amendments to the RFP. The evaluation process should be well-documented and free from any bias or favoritism. | The evaluation committee should be trained on the legal risks of unfair or inconsistent evaluation. |
| Legal Review | Involve legal counsel in the review of any proposed scope changes, particularly those that could be considered substantive or material. Legal counsel can provide an objective assessment of the risks and help to develop a legally defensible course of action. | Legal review should be sought before any changes are communicated to bidders. |

> A well-defined strategy for managing scope changes, implemented from the outset of the RFP process, is the most effective way to mitigate legal risk.

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## The Bidder’s Perspective

Bidders also have a strategic role to play in managing the risks of scope changes. When a bidder receives an amendment to an RFP, they should carefully assess its impact on their proposal. If the change is significant, the bidder may need to request an extension of the submission deadline to allow for a thorough revision of their proposal. If the bidder believes that the change is unfair or that it favors a competitor, they may need to consider lodging a formal protest or seeking legal advice.

It is important for bidders to act promptly in these situations. A delay in raising concerns could be interpreted as a waiver of their right to object. By taking a proactive and strategic approach, bidders can help to ensure that the procurement process is conducted in a fair and transparent manner, and that their rights are protected.

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## Execution

The execution of an [RFP process](https://prime.greeks.live/area/rfp-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), particularly when scope changes are involved, requires a high degree of diligence and a commitment to procedural fairness. A failure to execute the process properly can expose the procuring entity to significant legal and financial liability. The following provides a detailed guide to the operational protocols for managing RFP scope changes and the remedies available to aggrieved bidders.

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## A Playbook for Managing RFP Amendments

Procuring entities should adopt a clear and consistent process for managing RFP amendments. This [process should](https://prime.greeks.live/question/from-a-systems-perspective-how-should-a-firm-document-its-close-out-calculation-process-under-the-2002-isda/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) be designed to ensure that all bidders are treated fairly and that the integrity of the procurement process is maintained. The following checklist outlines the key steps to be taken:

- **Assess the Necessity of the Change** ▴ Before making any change to the RFP, the procuring entity should carefully consider whether the change is truly necessary. Is there a way to achieve the desired outcome without altering the scope of the RFP? Could the change be deferred to a later stage of the project?

- **Determine the Materiality of the Change** ▴ If a change is deemed necessary, the next step is to assess its materiality. Is it a minor clarification, a substantive amendment, or a material alteration? This assessment will determine the appropriate course of action.

- **Draft a Formal Amendment** ▴ All changes to the RFP should be documented in a formal amendment. The amendment should clearly and concisely describe the change and its impact on the RFP’s requirements.

- **Communicate the Amendment to All Bidders** ▴ The amendment should be communicated to all bidders at the same time. This can be done through a secure online portal or via email. The procuring entity should obtain confirmation that all bidders have received the amendment.

- **Provide a Reasonable Time for Response** ▴ Bidders should be given a reasonable amount of time to review the amendment and revise their proposals. The length of this period will depend on the complexity of the change.

- **Evaluate Proposals Consistently** ▴ All proposals, including any revisions, should be evaluated based on the same criteria. The evaluation process should be well-documented and free from any bias.

- **Consider Canceling and Reissuing the RFP** ▴ If the scope change is so material that it fundamentally alters the nature of the procurement, the most prudent course of action may be to cancel the original RFP and issue a new one. This will ensure that all potential bidders have an opportunity to compete on a level playing field.

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## Case Law Examples

The following table provides a summary of key case law that illustrates how courts have dealt with the issue of changing RFP scope:

### Case Law on RFP Scope Changes

| Case | Jurisdiction | Key Finding |
| --- | --- | --- |
| R. v. Ron Engineering & Construction (Eastern) Ltd. | Canada | Established the “Contract A”/”Contract B” framework, which creates an implied contract governing the bidding process. |
| Martel Building Ltd. v. Canada | Canada | Affirmed that procuring entities have a duty of fairness and good faith in the tendering process. |
| Baird Textile Holdings Ltd. v. Marks & Spencer plc | United Kingdom | Demonstrated the limitations of promissory estoppel in the absence of a clear and unambiguous promise. |

> A well-documented and transparent process for managing RFP amendments is essential for defending against legal challenges.

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## Remedies for Aggrieved Bidders

Bidders who have been harmed by an unfair or improper scope change may have a number of legal remedies available to them. These remedies can be broadly categorized as follows:

- **Damages** ▴ A bidder may be able to recover damages for the costs they incurred in preparing their proposal. In some cases, a bidder may also be able to recover damages for lost profits, although this is generally more difficult to prove.

- **Injunctive Relief** ▴ A bidder may be able to obtain an injunction to prevent the procuring entity from awarding the contract to another bidder. This is an extraordinary remedy that is only granted in limited circumstances.

- **Judicial Review** ▴ In the case of public procurements, a bidder may be able to seek judicial review of the procuring entity’s decision. A court may overturn the decision if it finds that the procuring entity has acted unlawfully, irrationally, or with procedural impropriety.

The availability of these remedies will depend on the specific facts of each case and the jurisdiction in which the claim is brought. Bidders who believe they have been treated unfairly should seek legal advice to understand their rights and options.

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## References

- Swan, J. (2010). Canadian Contract Law. LexisNexis Canada.

- Fridman, G. H. L. (2006). The Law of Contract in Canada (5th ed.). Carswell.

- Waddams, S. M. (2017). The Law of Contracts (7th ed.). Canada Law Book.

- Atiyah, P. S. & Smith, S. A. (2006). Atiyah’s Introduction to the Law of Contract (6th ed.). Oxford University Press.

- McKendrick, E. (2021). Contract Law ▴ Text, Cases, and Materials (9th ed.). Oxford University Press.

- Peel, E. (2020). Treitel on the Law of Contract (15th ed.). Sweet & Maxwell.

- Burrows, A. S. (2020). A Restatement of the English Law of Contract (2nd ed.). Oxford University Press.

- Cartwright, J. (2016). Contract Law ▴ An Introduction to the English Law of Contract for the Civil Lawyer (3rd ed.). Hart Publishing.

- Chen-Wishart, M. (2021). Contract Law (7th ed.). Oxford University Press.

- Koffman, L. & Macdonald, E. (2018). The Law of Contract (9th ed.). Oxford University Press.

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## Reflection

The legal frameworks governing the RFP process are not merely a set of rules to be followed; they are a reflection of the fundamental principles of fairness and transparency that are essential for a healthy market. An organization’s approach to procurement is a statement of its values and its commitment to ethical business practices. A well-managed RFP process, one that respects the rights of all participants, is a powerful tool for building trust and fostering long-term relationships with suppliers. It is a cornerstone of a sound procurement strategy and a key enabler of organizational success.

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## Glossary

<a href="https://prime.greeks.live/area/procurement-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
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## Procurement Process

Meaning ▴ The Procurement Process defines a formalized methodology for acquiring necessary resources, such as liquidity, derivatives products, or technology infrastructure, within a controlled, auditable framework specifically tailored for institutional digital asset operations. </a><a href="https://prime.greeks.live/area/contract-law/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek device showcases a rotating translucent teal disc, symbolizing dynamic price discovery and volatility surface visualization within an RFQ protocol. Its numerical display suggests a quantitative pricing engine facilitating algorithmic execution for digital asset derivatives, optimizing market microstructure through an intelligence layer](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-for-digital-asset-rfq-execution-system-with-smart-liquidity-routing.jpg)

## Contract Law

Meaning ▴ Contract Law constitutes the foundational legal framework governing agreements between parties, establishing the precise conditions under which promises become legally binding and enforceable. </a><a href="https://prime.greeks.live/area/implied-contract/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
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## Implied Contract

Meaning ▴ An implied contract represents an unwritten agreement, inferred directly from the conduct of involved parties or the surrounding operational context, establishing mutual obligations and expected behaviors. </a><a href="https://prime.greeks.live/question/can-a-non-binding-rfp-ever-create-unintended-legal-obligations-for-the-procuring-entity/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A scratched blue sphere, representing market microstructure and liquidity pool for digital asset derivatives, encases a smooth teal sphere, symbolizing a private quotation via RFQ protocol. An institutional-grade structure suggests a Prime RFQ facilitating high-fidelity execution and managing counterparty risk](https://options.greeks.live/wp-content/uploads/2025/07/institutional-rfq-protocols-optimizing-digital-asset-derivative-execution-microstructure.jpg)

## Procuring Entity

A non-binding RFP can impose legal duties if the entity's conduct implies a promise of procedural fairness that proponents rely upon. </a><a href="https://prime.greeks.live/area/contract-a/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
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## Contract A

Meaning ▴ Contract A defines a standardized, digitally-native forward agreement for a specific digital asset. </a><a href="https://prime.greeks.live/area/good-faith/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
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## Good Faith

Meaning ▴ Good Faith, in a financial and operational context, denotes the adherence to honest intent and absence of fraudulent or deceptive conduct during contractual agreements and transactional processes. </a><a href="https://prime.greeks.live/area/clear-and-unambiguous-promise/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Abstract forms on dark, a sphere balanced by intersecting planes. This signifies high-fidelity execution for institutional digital asset derivatives, embodying RFQ protocols and price discovery within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-platform-microstructure-execution-prime-os.jpg)

## Clear and Unambiguous Promise

Meaning ▴ A Clear and Unambiguous Promise denotes a precisely defined, verifiable commitment within a financial system or protocol, establishing an absolute expectation of a specific outcome or action without any room for misinterpretation. </a><a href="https://prime.greeks.live/area/promissory-estoppel/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
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## Promissory Estoppel

Meaning ▴ Promissory Estoppel defines a legal doctrine preventing a party from reneging on a promise when the other party has reasonably relied on that promise to their detriment, even in the absence of a formal contract. </a><a href="https://prime.greeks.live/area/fair-dealing/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
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## Fair Dealing

Meaning ▴ Fair Dealing denotes the fundamental principle of equitable and non-discriminatory treatment afforded to all market participants within a trading system, ensuring that institutional order flow is processed without bias or preferential access. </a><a href="https://prime.greeks.live/area/rfp-scope/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, institutional-grade device featuring a reflective blue dome, representing a Crypto Derivatives OS Intelligence Layer for RFQ and Price Discovery. Its metallic arm, symbolizing Pre-Trade Analytics and Latency monitoring, ensures High-Fidelity Execution for Multi-Leg Spreads](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-execution-intelligence-layer.jpg)

## Rfp Scope

Meaning ▴ The RFP Scope delineates the precise boundaries, functional requirements, technical specifications, and performance criteria for a proposed system or service, serving as the foundational document for vendor engagement and solution design within institutional digital asset derivatives. </a><a href="https://prime.greeks.live/area/bidding-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A central glowing blue mechanism with a precision reticle is encased by dark metallic panels. This symbolizes an institutional-grade Principal's operational framework for high-fidelity execution of digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/precision-core-enabling-institutional-digital-asset-derivatives-rfq-execution.jpg)

## Bidding Process

Meaning ▴ The bidding process represents a formalized, structured mechanism for competitive price discovery and resource allocation within a defined market segment. </a><a href="https://prime.greeks.live/area/legal-risks/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A polished, dark teal institutional-grade mechanism reveals an internal beige interface, precisely deploying a metallic, arrow-etched component. This signifies high-fidelity execution within an RFQ protocol, enabling atomic settlement and optimized price discovery for institutional digital asset derivatives and multi-leg spreads, ensuring minimal slippage and robust capital efficiency](https://options.greeks.live/wp-content/uploads/2025/08/quantitative-finance-driven-rfq-workflow-for-best-execution-in-digital-assets.jpg)

## Legal Risks

Meaning ▴ Legal Risks represent the potential for financial loss or operational disruption arising from the failure to comply with laws, regulations, or contractual obligations, or from the adverse outcomes of legal disputes, particularly within the nascent and evolving regulatory landscape of institutional digital asset derivatives. </a><a href="https://prime.greeks.live/question/in-what-ways-does-the-definition-of-a-customer-under-rule-15c3-3-impact-the-scope-of-protection/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Two intersecting metallic structures form a precise 'X', symbolizing RFQ protocols and algorithmic execution in institutional digital asset derivatives. This represents market microstructure optimization, enabling high-fidelity execution of block trades with atomic settlement for capital efficiency via a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-market-microstructure-execution.jpg)

## Scope Changes

The definition of "customer" in Rule 15c3-3 creates a protective boundary for client assets by dictating their segregation from firm risk. </a><a href="https://prime.greeks.live/question/why-does-a-bilateral-rfq-carry-more-inherent-settlement-risk-than-an-exchange-traded-future/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, translucent fin-like structure emerges from a circular base against a dark background. This abstract form represents RFQ protocols and price discovery in digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-protocol.jpg)

## These Changes Carry

A bilateral RFQ's settlement risk is higher due to direct counterparty exposure, unlike a future's centrally cleared guarantee. </a><a href="https://prime.greeks.live/area/legal-risk/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Intersecting abstract geometric planes depict institutional grade RFQ protocols and market microstructure. Speckled surfaces reflect complex order book dynamics and implied volatility, while smooth planes represent high-fidelity execution channels and private quotation systems for digital asset derivatives within a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/institutional-rfq-protocols-digital-asset-microstructure-execution.jpg)

## Legal Risk

Meaning ▴ Legal Risk denotes the potential for adverse financial or operational impact arising from non-compliance with laws, regulations, contractual obligations, or the inability to enforce legal rights. </a><a href="https://prime.greeks.live/area/rfp-process/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![An opaque principal's operational framework half-sphere interfaces a translucent digital asset derivatives sphere, revealing implied volatility. This symbolizes high-fidelity execution via an RFQ protocol, enabling private quotation within the market microstructure and deep liquidity pool for a robust Crypto Derivatives OS](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-engine-13.jpg)

## Rfp Process

Meaning ▴ The Request for Proposal (RFP) Process defines a formal, structured procurement methodology employed by institutional Principals to solicit detailed proposals from potential vendors for complex technological solutions or specialized services, particularly within the domain of institutional digital asset derivatives infrastructure and trading systems. </a><a href="https://prime.greeks.live/question/from-a-systems-perspective-how-should-a-firm-document-its-close-out-calculation-process-under-the-2002-isda/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A precision algorithmic core with layered rings on a reflective surface signifies high-fidelity execution for institutional digital asset derivatives. It optimizes RFQ protocols for price discovery, channeling dark liquidity within a robust Prime RFQ for capital efficiency](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-engine-optimized-for-precision.jpg)

## Process Should

A firm should document its ISDA close-out calculation as a resilient, auditable system to ensure a legally defensible outcome. </a>

**Tags:** [Fair Dealing](https://options.greeks.live/area/fair-dealing/), [Bidding Process](https://options.greeks.live/area/bidding-process/), [Promissory Estoppel](https://options.greeks.live/area/promissory-estoppel/), [Implied Contract](https://options.greeks.live/area/implied-contract/), [RFP Process](https://options.greeks.live/area/rfp-process/), [Procurement Process](https://options.greeks.live/area/procurement-process/)	

## Discover More

- 
### [What Are the Primary Legal Risks Associated with Improperly Communicating an Rfp Cancellation?](https://options.greeks.live/question/what-are-the-primary-legal-risks-associated-with-improperly-communicating-an-rfp-cancellation/)
![A dynamic visual representation of an institutional trading system, featuring a central liquidity aggregation engine emitting a controlled order flow through dedicated market infrastructure. This illustrates high-fidelity execution of digital asset derivatives, optimizing price discovery within a private quotation environment for block trades, ensuring capital efficiency.](https://options.greeks.live/wp-content/uploads/2025/07/principal-os-driving-high-fidelity-execution-for-digital-asset-derivatives-through-optimized-rfq-protocols-and-smart-order-routing.jpg)

Improper RFP cancellation communication creates significant legal risk through breach of implied contract and promissory estoppel claims.

- 
### [Can a Bidder Sue for Lost Profits If the Rfp Is Cancelled for a Legitimate Reason?](https://options.greeks.live/question/can-a-bidder-sue-for-lost-profits-if-the-rfp-is-cancelled-for-a-legitimate-reason/)
![A sleek, split capsule object reveals an internal glowing teal light connecting its two halves, symbolizing a secure, high-fidelity RFQ protocol facilitating atomic settlement for institutional digital asset derivatives. This represents the precise execution of multi-leg spread strategies within a principal's operational framework, ensuring optimal liquidity aggregation.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-system-2.jpg)

A bidder's right to sue for lost profits hinges on proving the RFP cancellation was a bad-faith breach of the system's fair dealing protocol.

- 
### [How Can a Well-Defined Privilege Clause Protect an Organization during an Rfp Cancellation?](https://options.greeks.live/question/how-can-a-well-defined-privilege-clause-protect-an-organization-during-an-rfp-cancellation/)
![A polished spherical form representing a Prime Brokerage platform features a precisely engineered RFQ engine. This mechanism facilitates high-fidelity execution for institutional Digital Asset Derivatives, enabling private quotation and optimal price discovery. It is central to managing liquidity pools for Bitcoin Options and Ethereum Futures, mitigating slippage.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-engine-optimal-execution-digital-asset-derivatives.jpg)

A well-defined privilege clause protects an organization by transforming the RFP from a rigid obligation into a controlled, flexible strategic tool.

- 
### [How Does the Contract a and Contract B Framework Impact Rfp Processes?](https://options.greeks.live/question/how-does-the-contract-a-and-contract-b-framework-impact-rfp-processes/)
![A central crystalline RFQ engine processes complex algorithmic trading signals, linking to a deep liquidity pool. It projects precise, high-fidelity execution for institutional digital asset derivatives, optimizing price discovery and mitigating adverse selection.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-rfq-protocols-high-fidelity-digital-asset-derivatives-execution.jpg)

The Contract A/B framework transforms an RFP into a binding process contract, mandating owner fairness and bidder bid irrevocability.

- 
### [Can an Implied Contract Be Formed Even If the Rfp Explicitly States It Is Not an Offer?](https://options.greeks.live/question/can-an-implied-contract-be-formed-even-if-the-rfp-explicitly-states-it-is-not-an-offer/)
![An abstract digital interface features a dark circular screen with two luminous dots, one teal and one grey, symbolizing active and pending private quotation statuses within an RFQ protocol. Below, sharp parallel lines in black, beige, and grey delineate distinct liquidity pools and execution pathways for multi-leg spread strategies, reflecting market microstructure and high-fidelity execution for institutional grade digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-displaying-multi-leg-execution-status-and-optimal-liquidity-pathways.jpg)

An RFP's disclaimer is a procedural shield, not an absolute barrier; subsequent conduct and promises can forge a binding implied contract.

- 
### [How Does the Legal Standing of an Rfi Differ from That of an Rfp?](https://options.greeks.live/question/how-does-the-legal-standing-of-an-rfi-differ-from-that-of-an-rfp/)
![A sophisticated digital asset derivatives trading mechanism features a central processing hub with luminous blue accents, symbolizing an intelligence layer driving high fidelity execution. Transparent circular elements represent dynamic liquidity pools and a complex volatility surface, revealing market microstructure and atomic settlement via an advanced RFQ protocol.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-high-fidelity-execution-framework-optimizing-market-microstructure-price-discovery-intelligence-layer.jpg)

An RFI is a non-binding tool for market intelligence, while an RFP is a formal solicitation that can create legally binding obligations.

- 
### [What Are the Potential Consequences for an Issuer Who Is Found to Have Breached the Duty of Fairness in an Rfp?](https://options.greeks.live/question/what-are-the-potential-consequences-for-an-issuer-who-is-found-to-have-breached-the-duty-of-fairness-in-an-rfp/)
![A sophisticated internal mechanism of a split sphere reveals the core of an institutional-grade RFQ protocol. Polished surfaces reflect intricate components, symbolizing high-fidelity execution and price discovery within digital asset derivatives. This architecture supports multi-leg spreads and atomic settlement for block trades on a Prime RFQ.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-system.jpg)

A breach of fairness in an RFP exposes the issuer to legal action, reputational damage, and significant financial liabilities.

- 
### [What Are the Primary Legal Risks When Cancelling a Public Sector Rfp?](https://options.greeks.live/question/what-are-the-primary-legal-risks-when-cancelling-a-public-sector-rfp/)
![Central teal-lit mechanism with radiating pathways embodies a Prime RFQ for institutional digital asset derivatives. It signifies RFQ protocol processing, liquidity aggregation, and high-fidelity execution for multi-leg spread trades, enabling atomic settlement within market microstructure via quantitative analysis.](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-core-for-institutional-digital-asset-rfq-protocol-execution-engine.jpg)

Canceling a public sector RFP carries the primary legal risk of breaching an implied contract with bidders, requiring a defensible rationale to avoid litigation.

- 
### [How Does a Privilege Clause Affect the Legality of an Rfp?](https://options.greeks.live/question/how-does-a-privilege-clause-affect-the-legality-of-an-rfp/)
![A crystalline sphere, representing aggregated price discovery and implied volatility, rests precisely on a secure execution rail. This symbolizes a Principal's high-fidelity execution within a sophisticated digital asset derivatives framework, connecting a prime brokerage gateway to a robust liquidity pipeline, ensuring atomic settlement and minimal slippage for institutional block trades.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-execution-platform-optimizing-liquidity-and-risk-management-through-advanced-protocols.jpg)

A privilege clause grants an owner discretion in an RFP but is constrained by an overriding legal duty to maintain a fair and transparent process.

---

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---

**Original URL:** https://options.greeks.live/question/what-are-the-primary-legal-risks-associated-with-changing-rfp-scope-after-proposals-have-been-submitted/
