Bid solicitation

Bid solicitation,

Definition of Bid solicitation:

  1. Process of notifying prospective or qualified bidders on the bid solicitors wish to receive bids on the specified product or project. Solicitations include invitation-to-bid (ITB), request for proposals (RFP), request for quotations (RFQ), and request for sealed bids, which may be made public through advertising, mailings, or some other method of communication.

Meaning of Bid solicitation & Bid solicitation Definition