An Invitation to Tender (ITT) is a formal procurement document issued by a buyer—whether a corporation, public authority, or major retailer—that calls on qualified suppliers to submit binding bids for a defined contract or scope of services.
Source: https://www.investopedia.com/terms/i/invitation-to-tender.asp
Matching tools and partners
You might also be interested in these terms
Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.