Invitation to Bid: What is an Invitation to Bid?
19.06.2021· An invitation to bid, also called an invitation for bid or sealed bid, is a call to contractors to submit a proposal on a project for a specific product or service. It is usually for requirements over $100,000. While an ITB is very similar to an RFP (request for proposal), it is concerned with the pricing more so than the conceptual ideas of the project. Similar to all other types of bids, an Get Price