Invitation to bid (ITB) - How To Discuss
Mia Russell
Published May 03, 2026
Invitation to bid (ITB),
Definition of Invitation to bid (ITB):
■■■■ or written invitation to prospective suppliers to submit a bid on materials or services. ITB is only a solicitation, and does not qualify as an offer because the party making it does not wish to enter into a binding agreement without further negotiations. Also called request for bids (RFB).
Meaning of Invitation to bid (ITB) & Invitation to bid (ITB) Definition
