A B C E F I N O P Q R S T
Informal Bid

This method may be used by departments if the estimated value of the item(s) to be purchased is between $5,000 and $9,999. Informal price quotations are secured and documented in a manner determined to be the most appropriate for the goods and services involved.  Award is made to the lowest, responsible bidder.

Invitation to Bid (ITB)

This term is used when you know the details, require a specific manufacturer and model specifications and the estimated budget is $150,000 or greater.  A formal method of solicitation whereby suppliers are requested to submit a bid for the provision of goods, normally used for standard, off-the-shelf items. Price is the main factor for award.   An ITB must be “open” for a minimum of 15 days. It will be issued by Procurement Services and posted on the website.