Definitions for "Invitation to tender"
A request for suppliers to bid for work. The FS report or Business Requirement Specification document will form an integral part of the ITT.
(ITT) – a formal process for soliciting competitive bids that includes the public opening of sealed tenders. ITTs are often referred to as "public tenders". Typically ITTs are used for construction projects, where the requirement is adequately defined to permit the evaluation of tenders against clearly stated criteria and quotations. The focus of this solicitation document is on price, targeting the lowest qualified bid. 6.3.2a
A customer document that invites a bid. In many industries, these are complex requirement documents that cover all technical and commercial aspects of the bid. Also known as RFP