Invitation to Tender

An Invitation to Tender (ITT) is a formal process used by organizations to solicit detailed proposals from suppliers or contractors for a specific project or service. It outlines the project requirements, criteria for selection, and invites interested parties to submit their best offers. The goal is to evaluate responses to choose the most suitable and cost-effective option. ITTs promote transparency and fairness in sourcing partners, ensuring the organization can make an informed decision based on quality, cost, and capability. It’s a common method used in public sector and large private sector procurement.