We've got 52 shorthands for Invitation For Bid »
Acronyms that contain the term Invitation For Bid
What does Invitation For Bid mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: Invitation For Bid.
Term | Definition | Rating |
---|---|---|
IETI | Invitation to ExtraTerrestrial Intelligence | |
LOI | Letter of Invitation | |
IFP | Invitation For Proposal | |
BIO | By Invitation Only | |
OBI | Only By Invitation | |
PIK | Personal Invitation Key | |
BI | Bid Invitation | |
GUCCI | Giving Up Cheap Clothes Invitation | |
IFB | Invitation For Bids | |
IFB | Invitation For Bid | |
ITB | Invitation To Bid | |
IFT | Invitation For Tender | |
ITT | Invitation To Tender | |
ITP | Invitation to Pre-Qualification | |
ISFT | Invitation to Submit Final Tender (OJEU bidding process stage) | |
ITA | Invitation to Apply | |
JITP | Journal of Invitation Theory and Practice | |
STI | Story Testimony Invitation | |
CWMI | China West Mathematics Invitation | |
IFT | Invitation For Tender | |
IFB | Invitation For Bid | |
RPC | Request the Pleasure of Your Company (Naval invitation to a social event) | |
WIGGLE | Wonderful Invitation to Grow and Gain a Limiting Experience | |
IFB | Invitation For Bid | |
IFT | Invitation For Tender |
What does Invitation For Bid mean?
- Invitation For Bid
- An invitation to tender (ITT, otherwise known as a call for bids or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire (SQ) or pre-qualification questionnaire (PQQ). The term "notice inviting tenders" (NIT) is often used in purchasing in India.An ITT differs from a request for quotation (RFQ) or a request for proposal (RFP), in which case other reasons (technology used, quality) might cause or allow choice of the second best offer. An RFP is a request for a price from a buyer but the buyer would also expect suggestions and ideas on how the project work should be done. RFPs are thus focused on more than just pricing/cost, they entail a bit of consulting from the contractor or vendor. The closest equivalent to an ITT in the mainstream private sector is an RFP which, since public money is not involved, typically has a less rigid structure.
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"Invitation For Bid." Abbreviations.com. STANDS4 LLC, 2024. Web. 3 May 2024. <https://www.abbreviations.com/Invitation%20For%20Bid>.
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