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Question:

During what contract life-cycle phase are the vendors required to compete for the contract and respond to the RFP?

A Solicitation.
explanation

During the solicitation phase, organizations or project teams issue a Request for Proposal (RFP) to potential vendors or suppliers to solicit their proposals for providing goods, services, or solutions. The RFP outlines the project requirements, specifications, evaluation criteria, and contractual terms and conditions.

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