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.
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bid solicitation is in the Agreements & Contracts and Purchasing & Procurement subjects.
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