bid solicitation |
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Definition
Process of notifying prospective or qualified bidders on the bid solicitor's wish to receive bids on the specified product or project. Solicitations include invitation-to-bid (ITB), request for proposals (RFP), request for quotations (RFQ), and request for sealed bids, which may be made public through advertising, mailings, or some other method of communication.
email to a friend
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bid solicitation is in the Agreements & Contracts and Purchasing & Procurement subjects.
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