Invitation for bid

A call for bids, call for tenders, invitation to tender (ITT, often called tender for short), invitation for bid (IfB) or invitation to bid (ItB) or notice inviting tenders (NIT, a term often used in purchasing in India) is a procedure for generating competing offers from different bidders looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire or pre-qualification questionnaire (PQQ). A call for bids, call for tenders, invitation to tender (ITT, often called tender for short), invitation for bid (IfB) or invitation to bid (ItB) or notice inviting tenders (NIT, a term often used in purchasing in India) is a procedure for generating competing offers from different bidders looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been previously assessed for suitability by means of a supplier questionnaire or pre-qualification questionnaire (PQQ). A call for bids differs from a request for proposal (RfP), in which case other reasons (technology used, quality) might cause or allow choice of the second best offer. An RfP is a request for a price from a buyer but the buyer would also expect suggestions and ideas on how the project work should be done. RfPs are thus focused on more than just pricing/cost, they entail a bit of consulting from the contractor or vendor.