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Glossary · United States

Invitation for bids (IFB / ITB)

An invitation for bids (IFB), also called an invitation to bid (ITB), is the solicitation used for sealed bidding.

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Definition

An invitation for bids (IFB), also called an invitation to bid (ITB), is the solicitation used for sealed bidding. Bidders submit firm prices by a set time, bids are opened publicly, and the award goes to the lowest-priced bid that is responsive to the requirements and from a responsible bidder.

There are no discussions or negotiations, so the specification has to be complete. Public construction is most often bought this way.

How it differs

  1. 01

    vs. Request for proposals (RFP)

    An RFP allows negotiation and best-value tradeoffs; an IFB is price-only once a bid is responsive. What is RFP?

  2. 02

    vs. Sealed bidding

    Sealed bidding is the method; the IFB is the document that starts it. What is Sealed bidding?

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Related terms

Questions

What does IFB / ITB mean in procurement?

An invitation for bids (IFB), also called an invitation to bid (ITB), is the solicitation used for sealed bidding. Bidders submit firm prices by a set time, bids are opened publicly, and the award goes to the lowest-priced bid that is responsive to the requirements and from a responsible bidder.

What is the difference between IFB and RFP?

An RFP allows negotiation and best-value tradeoffs; an IFB is price-only once a bid is responsive.

What is the difference between IFB and Sealed bidding?

Sealed bidding is the method; the IFB is the document that starts it.

Sources

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