Invitation For Bid (IFB) definition

Invitation For Bid (IFB) means a procurement done by sealed bid. At a designated time and location, all bids will be opened in a public forum and the apparent low bidder, pending thorough staff review disclosed. This is applicable when: (1) precise specifications are available; (2) adequate sources are available; (3) fixed price contract; (4) evaluation is price determinative; (5) negotiations are prohibited using this approach, although clarifications are acceptable based solely on information already submitted. (FTA Circular 4220.1F, Ch. VI.3c.1)

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Invitation For Bid (IFB) means a procurement done by sealed bid.

Invitation For Bid (IFB) means all documents, including those attached or incorporated by reference, used for soliciting competitive sealed bids. Also sometimes referred to as an invitation to bid (ITB).

Examples of Invitation For Bid (IFB) in a sentence

• Invitation For Bid (IFB) The form utilized to solicit Bids in the formal, sealed Bid procedure and any amendments thereto issued in writing by the MCC.

• Bid A sealed written offer to perform a Contract to provide materials, supplies, services, and/or equipment in reply to an Invitation For Bid (IFB).

• The Invitation For Bid (IFB), or Sealed Bid, entails publicly opened, competitive, bids for the award of a contract on the basis of price and other price-related factors as stated in the IFB.

• Executed on , 20 Signature Address Address -End Exhibit I- November 16, 2021 To: All Potential Bidders From: ▇▇▇▇▇ ▇▇, Business Services Supervisor Re: Addendum #1, IFB #GS-02-21 The purpose of this Addendum is to revise the components of the Invitation For Bid (IFB) for the Guest Survey.

• All provisions, conditions and requirements of the Invitation For Bid (IFB #PW-2015-02) dated February 18, 2015 and the contractor’s bid forms, insurance certifications, insurance endorsements and licenses are incorporated by reference into the provisions, conditions and requirements of this Agreement as if stated verbatim therein.

• Contractor responded to a Invitation For Bid (IFB) to provide off-site data storage and retrieval services as further set forth herein, hereinafter referred to as “off-site data storage and retrieval services”.

• Since the Sourcing Team chose to utilize an Invitation For Bid (IFB) a formal evaluation was not conducted.

• Vendors shall mail or hand deliver the bid in a sealed envelope including on the outside of the envelope the vendor's name and address, bid number, and date and time of the bid opening (which will correspond to the Invitation For Bid (IFB).

• All provisions, conditions and requirements of the Invitation For Bid (IFB #FY2016 Public Works 01) dated July 1, 2015 and the contractor’s bid forms, insurance certifications, insurance endorsements and licenses, permits and certifications are incorporated by reference into the provisions, conditions and requirements of this Agreement as if stated verbatim therein.

• November 22, 2021 To: All Potential Bidders From: ▇▇▇▇▇ ▇▇, Business Services Supervisor Re: Addendum #2, IFB #GS-02-21 The purpose of this Addendum is to revise the components of the Invitation For Bid (IFB) for the Guest Survey.

More Definitions of Invitation For Bid (IFB)

Invitation For Bid (IFB) means and include the present document, and such other complements and agenda, which may subsequently be issued in this connection.

Invitation For Bid (IFB) means a “formal” bid that may require advertising, bonds, and sealed bids. The department head or designee is responsible for the bid package and vendor eligibility. The specifications, delivery requirements, plans, drawings, and other items must be determined and finalized prior to the bid package being provided. Eligibility may be determined from a pre- qualification process, general advertising of project, or any other method deemed appropriate.

Invitation For Bid (IFB) means any document, including drawings and designs or letters, issued by Buyer that describes any or all of the goods, products, materials, supplies and equipment to be provided. “Request for Proposal (RFP)” means any document, including drawings and designs or letters, issued by Buyer that describes the nature and scope of the Services as well as any or all of the goods, products, materials, supplies and equipment to be provided as part of the Services to be performed. “Bid” or “Proposal” means the written offer, if any, of Supplier to provide the Goods and/or to perform the Services, whether pursuant to and IFB, RFP or otherwise. “Purchase Order” means the document issued by Buyer to Supplier, identified as such, together with any instructions, addenda, schedules or other materials delivered concurrently with such document. “Unaccepted Terms” means terms or conditions endorsed upon, delivered with or otherwise contained in Supplier’s counteroffer or other writing that are a deviation from, exception to or otherwise in conflict with the Contract.

Invitation For Bid (IFB) means a written or published solicitation issued by Purchasing or designee for bids to contract for the purchase or disposal of supplies, services or construction. A bid in response to an IFB is a formal bid that has been submitted in a sealed envelope either in person, by mail or by other delivery service to prevent its contents from being revealed or known before the bid submission deadline. Telephone, e-mail and/or faxed bids are not acceptable. This type of solicitation is frequently used for the purchase of services such as building or maintenance contracts, construction, and equipment, but it may also be used for selling scrap and surplus.