Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Invitation to Tender (ITT)”
  • Invitation to Tender (ITT)

    Similar to an Invitation for Bids (IFB), a solicitation issued when two or more sources of supply have been identified, the requirement can be adequately defined, and the entity intends to accept the lowest-priced responsive tender from a responsible offeror without negotiations.