Examples of Invitation to Quote in a sentence
Minor works, as relevant, could use Invitation to Quote (ITQ) for Works acceptable to the Bank for contracts less than or equal to EUR 85,000.
Where this Invitation to Quote is cancelled (whether or not such Invitation to Quote is within the purview of WTO GPA), all Standing Quotations can be destroyed any time after cancellation.
This may be an Open procedure through an Invitation to Quote (ITQ) or an Invitation to Tender (ITT) or a Restricted Procedure when candidates are invited to submit initial information respond to a Pre-Qualification Questionnaire (PQQ) and a number are selected to receive an ITT on the basis of the information provided.
Each procurement must be properly specified and the evaluation criteria and the scoring mechanism clearly explained in the Invitation to Tender or Invitation to Quote.
Without prejudice to the Authority's right to cancel the Invitation to Quote, where there are changes of requirements after the Closing Date, for operational or any other reasons, the Authority is not bound to accept any conforming Standing Quotation and reserves the right to cancel the Invitation to Quote.