|Definition||:||Invitation For Bid|
|Category||:||Business » Trade|
What does IFB mean?
An invitation for bid (IFB) or invitation to bid (ITB) is an invitation to contractors or equipment suppliers, through a bidding process, to submit a proposal on a specific project to be realized or product or service to be furnished. IFB is generally the same thing as Request for Quote (RFQ).
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||IFB||Indian Fine Blanks|