Contract Management - Invitation for Bid (IFB)

An Invitation For Bid (referred to as IFB) is an invitation for vendors or contractors, through a bidding process, to submit a proposal on a specifically requested product or service.

The submittal of an IFB typically involves the following:

• Corporate Information including proof of licensure in the Territory
• Technical capability
• Description of services or goods to be provided
• Estimated completion time
• Price quotation

The bidders return a quotation by a set date and time determined by the Authority which is included in the advertisement for the quotation. Late proposals may not be considered. The proposals are used to evaluate the responsiveness of a supplier or vendor. An Evaluation Committee is named to open the received bid packages in the presence of a representative of the Procurement and Property Division. In some instances, selected bidders may be asked to make a presentation to the Evaluation Committee.

Helpful Hints: Click on the column's header to sort the list by that column.