Get 2012 Joint Purchasing Information Technology Program And Invitation To Bid

To give you a little context, an Invitation to Bid (ITB) or Invitation for Bid (IFB) is a call for contractors to submit a proposal for a specific product or service that an organization knows it wants/needs.

Bid documents include the plans, specifications and estimates (PS&E) developed to describe all of the elements of a construction project and become the contract between the local government and the selected contractor.

The term Invitation to Bid (ITB) refers to a formal request by the Procurement department , asking suppliers to bid on supplying the University with a specific good or service. The Procurement department may issue an ITB for purchases of goods or services exceeding $50,000.

The Invitation to Bid (ITB) Checklist is a tool help verify the completeness of your ITB document.

While an ITB is very similar to an RFP (request for proposal), it is concerned with the pricing more so than the conceptual ideas of the project. Similar to all other types of bids, an invitation to bid is generally awarded to the contractor who submits the lowest bid.

With an invitation for bid (IFB), a comprehensive solicitation will describe the project in detail, including submission requirements, deadlines, project scope, duration, minimum qualifications, mandatory service standards, and required warranties.

While an ITB is very similar to an RFP (request for proposal), it is concerned with the pricing more so than the conceptual ideas of the project. Similar to all other types of bids, an invitation to bid is generally awarded to the contractor who submits the lowest bid.

Invitation to Bid (ITB): With an invitation to bid, we are giving in-depth specifications of projects and invite contractors to bid. Because the focus of the invitation to bid is on the bidder's price for project completion, there is less emphasis on the bidder introducing its own ideas.