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Thread: Government Procurement: Sealed Bid, Invitation for Bid (IFB)

  1. #1

    Default Government Procurement: Sealed Bid, Invitation for Bid (IFB)

    The sealed bidding, is formal advertising which involves the issuance of an Invitation for Bid (IFB) by a procuring agency. Sealed bidding is how the government contracts competitively when its requirements are clear, accurate and complete. An Invitation For Bid (IFB, IFBs) is the method used for the sealed bid process.

    IFBs usually include a copy of the specifications for the particular proposed purchase, instructions for preparation of bids, and the conditions of purchase, delivery and payment schedule. The IFB also designates the date and time of bid opening. Following receipt and evaluation of the bids, a contract is usually awarded to the lowest priced bidder, determined to be responsive and responsible by the contracting officer.

    Each sealed bid is opened in public at the purchasing office at the time designated in the invitation. Facts about each bid are read aloud and recorded. A contract is then awarded to the low bidder whose bid conforms with all requirements of the invitation and will be advantageous to the government in terms of price, and price-related factors included in the invitation.
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  • #2

    Default Re: Government Procurement: Sealed Bid, Invitation for Bid (IFB)

    I wonder if we can get the renew Dates in a data base for all of these ?
    Quote Originally Posted by Carlos View Post
    The sealed bidding, is formal advertising which involves the issuance of an Invitation for Bid (IFB) by a procuring agency. Sealed bidding is how the government contracts competitively when its requirements are clear, accurate and complete. An Invitation For Bid (IFB, IFBs) is the method used for the sealed bid process.

    IFBs usually include a copy of the specifications for the particular proposed purchase, instructions for preparation of bids, and the conditions of purchase, delivery and payment schedule. The IFB also designates the date and time of bid opening. Following receipt and evaluation of the bids, a contract is usually awarded to the lowest priced bidder, determined to be responsive and responsible by the contracting officer.

    Each sealed bid is opened in public at the purchasing office at the time designated in the invitation. Facts about each bid are read aloud and recorded. A contract is then awarded to the low bidder whose bid conforms with all requirements of the invitation and will be advantageous to the government in terms of price, and price-related factors included in the invitation.

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