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. ()
The competitive process for advertising the purchase of goods and services in excess of $50,000.
A solicitation issued to prospective bidders. An IFB describes what is required and how the bidders will be evaluated. Award is based on the lowest bid. Negotiations are not conducted.
Syn: request for proposal.