Invitation to Bid
/ˌɪnvɪˈteɪʃən tuː bɪd/
Definitions
- (n.) A formal request issued by a party seeking offers or proposals to supply goods, services, or work under specified conditions.
The company issued an invitation to bid for the construction of the new bridge.
- (n.) A procedural document in public procurement signaling the start of the competitive bidding process.
The government agency published an invitation to bid to ensure transparency and fairness in awarding contracts.
Forms
- invitation to bid
- invitations to bid
Related terms
See also
Commentary
An invitation to bid is not an offer itself but a solicitation for offers, thus distinguishing it legally from a binding contract offer.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.