Dictionary of Procurement Terms

Dictionary of Procurement Terms

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

Search the Dictionary of Terms

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.
Advertisement
Advertisement

SUGGESTIONS FOR THE DICTIONARY

 

Is there a term missing from our dictionary?

 

Does a more concise or relevant definition apply?

 

Submit your comments/suggestions to our editorial board at dictionary@nigp.org