Definitions for "Invitation for bid"
Keywords:  ifb, solicitation, bidder, gat, wst
Similar to request for proposal, but may involve a more specific application or definition.
("IFB") solicitation for offer s under sealed bidding. [D03517] GAT Similar to a request for proposal, but often with a more specific application area. [D00877] WST
A formal solicitation in which competitive sealed bids are invited through a public notice procedure which requires that bids be received by a specified time and opened publicly. Invitations for Bids are evaluated solely in terms of bidder responsibility, bidder responsiveness, and price. ()