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Market Research Request For Proposal Template for Singapore

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Key Requirements PROMPT example:

Market Research Request For Proposal

"I need a Market Research Request For Proposal to find an agency to conduct consumer behavior research in Singapore's luxury retail sector, with a focus on Gen Z shopping habits and a budget of SGD 150,000, to be completed by March 2025."

What is a Market Research Request For Proposal?

The Market Research Request For Proposal is a critical business document used when organizations need to conduct formal market research in Singapore. It enables systematic evaluation of potential research partners while ensuring compliance with Singapore's legal requirements. The document typically includes project scope, methodology requirements, evaluation criteria, budget parameters, and data protection requirements. It's particularly important in regulated industries where formal procurement processes are mandatory and when research involves sensitive data collection or significant budgets.

What sections should be included in a Market Research Request For Proposal?

1. Introduction: Overview of the organization and purpose of the RFP

2. Project Overview: Detailed description of research objectives and requirements

3. Scope of Work: Specific deliverables, timelines, and methodology requirements

4. Submission Requirements: Proposal format, deadline, and contact information

5. Evaluation Criteria: How proposals will be assessed and weighted

6. Terms and Conditions: Legal requirements and contractual obligations

What sections are optional to include in a Market Research Request For Proposal?

1. Budget Guidelines: Financial parameters and requirements - use when budget constraints need to be communicated upfront

2. Background Research: Existing research or context - use when previous research exists that needs to be considered

3. Technical Requirements: Specific technical specifications - use when research involves specific technical components

What schedules should be included in a Market Research Request For Proposal?

1. Pricing Schedule: Template for cost breakdown and pricing requirements

2. Compliance Checklist: List of required compliance elements and regulatory requirements

3. Data Protection Requirements: Detailed PDPA compliance requirements and data handling specifications

4. Sample Contract: Draft of the final contract terms and conditions

5. Technical Specifications: Detailed technical requirements and standards for the research project

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses






























Industries

Personal Data Protection Act (PDPA): Key legislation governing collection, use and disclosure of personal data in Singapore. Critical for market research activities involving personal information. Includes requirements for consent, data protection and transfer protocols.

Competition Act: Legislation ensuring fair market practices and preventing anti-competitive behavior. Relevant for market research procurement processes and prevention of bid rigging.

Copyright Act: Legislation protecting intellectual property rights, particularly relevant for research methodologies, findings, and ownership of research data and reports.

Contract Law (Common Law): Includes Government Procurement Act and Regulations, covering requirements for fair and transparent tender processes and contractual terms and conditions.

Electronic Transactions Act: Legislation governing electronic submissions, providing legal recognition of electronic documents and signatures in Singapore.

Government Guidelines: Including Ministry of Finance procurement guidelines, Enterprise Singapore guidelines, and public sector procurement requirements where applicable.

Data Storage and Transfer Laws: Regulations covering cross-border data transfer requirements, data localization requirements, and cloud storage compliance in Singapore.

Industry-Specific Regulations: Sector-specific compliance requirements depending on the industry being researched, including any specialized regulatory frameworks.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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