Invitation to Bid (ITB) definition, Invitation to Bid (ITB) in construction, what is Invitation to Bid (ITB), Invitation to Bid (ITB) meaning, Invitation to Bid (ITB) glossary
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Invitation to Bid (ITB)

A formal solicitation issued to contractors or subcontractors inviting them to submit a price proposal for a defined scope of work. Also called a Request for Proposal (RFP).

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