An Invitation to Bid is a document that must be filled in by customers to inform their prospective suppliers or contractors about the appearance of a new order, provide its detailed description, specify its terms and conditions, and invite these organizations to apply for participation.
Usually, a customer gathers pre-qualification questionnaires, completed by companies that wish to receive a work order. Based on the information contained in these questionnaires, a customer evaluates these organizations for their suitability and makes a list of prospective suppliers or contractors. When a customer has a new order, they send an Invitation to Bid Letter to organizations, contained in this list. After analyzing all the offers received, a customer chooses the most profitable and suitable one.
A printable Invitation to Bid template can be downloaded through the link below.
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