invitation to tender (ITT)

An Invitation to Tender (ITT) is a formal request issued by an organization inviting suppliers or contractors to submit bids for a specific project or service. It outlines the requirements, specifications, and criteria for selection, ensuring that all potential bidders are informed and have the opportunity to compete. The ITT process is typically used in public sector procurement to promote transparency and fairness, allowing the organization to select the best bid based on quality, price, and expertise. It helps ensure that projects are completed efficiently and within budget.