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HOW IT WORKS
How it works
If you are planning to embark on a new construction project, like a building, you can use an Invitation to Bid, which acts to solicit contractors to review your plans for the project and bid according to the requirements you set out. Using an Invitation to Bid can help increase the quality of your bids and can make the entire process easier.
Once you have completed the Invitation to Bid, you can send it out as a letter to contractors who have the necessary experience for the project. It details the description of the building, where it is located, the terms and conditions of the bid, and the deadline for bid acceptance. With an Invitation to Bid, you can specify the terms, conditions, and requirements, so that you can help ensure that the criteria that is essential for you is met by those contractors who end up submitting a bid.
Other names for this document: Bid Invitation, ITB
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