Invitation for Bids. The term Invitation for Bids means a solicitation of formal sealed bids. The acronym "IFB" (or "RFQ" interchangeably) means Invitation for Bids. The IFB includes the Instructions to Bidders and General Conditions, purchase descriptions and/or specifications and may also include additional terms and conditions and all documents whether attached or incorporated by reference, utilized for soliciting sealed bids. Laws: The term laws means current and future federal, state, and local statutes, rules, regulations and ordinances, the federal and state constitutions, and the orders and decrees of any lawful authorities having jurisdiction over the matter of issue. Responsible Bidder: The term responsible bidder means a bidder who has the capability in all respects to perform fully the contract requirements, and the tenacity, perseverance, experience, integrity, reliability, capacity, facilities, equipment and credit which will assure good faith performance.
Appears in 3 contracts
Sources: Blanket Purchase Agreement, Blanket Purchase Agreement, Blanket Purchase Agreement