Dictionary of Procurement Terms

Welcome to the NIGP Online Dictionary of Procurement Terms, the comprehensive reference for public purchasing terms and concepts.

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Search Results: 1-1 of 1 result for “Invitation for Bids (IFB)”

  • Invitation for Bids (IFB)

    A procurement method used to solicit competitive sealed bid responses, sometimes called formal bids, when price is the basis for award.
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