IFB is another term for what process?

IFB is another term for what process?

• A. Request for Information
• B. Competitive sealed bidding
• C. Direct purchase order
• D. Negotiated procurement

Answer: (B)

IFB stands for Invitation for Bid, a solicitation used when competition and price are the driving factors in awarding a contract. It signals a competitive sealed bidding process: the buyer publicly invites bidders, submits bids are kept sealed, and the contract is awarded to the lowest bid that meets all specifications. This setup ensures transparency and price competitiveness. The other options don’t fit as well: a Request for Information is about gathering general data rather than submitting bids; a Direct purchase order is a non-competitive purchase made without bidding; a Negotiated procurement involves discussions and proposals rather than sealed bids.

IFB stands for Invitation for Bid, a solicitation used when competition and price are the driving factors in awarding a contract. It signals a competitive sealed bidding process: the buyer publicly invites bidders, submits bids are kept sealed, and the contract is awarded to the lowest bid that meets all specifications. This setup ensures transparency and price competitiveness.

The other options don’t fit as well: a Request for Information is about gathering general data rather than submitting bids; a Direct purchase order is a non-competitive purchase made without bidding; a Negotiated procurement involves discussions and proposals rather than sealed bids.