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Selling to The Government: What are IFB and RFP?

  • Broadcast in Business



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Selling to The Government: What are IFB and RFP is our topic on The Core Business Show with Tim Jacquet. IFB Invitation for Bid Solicitations is Oral or written invitation to prospective suppliers to submit a bid on materials or services. ITB is only a solicitation, and does not qualify as an offer because the party making it does not wish to enter into a binding agreement without further negotiations. Also called request for bids (RFB).