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ITB

English translation: Invitation to bid

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20:55 Mar 31, 2008
English to English translations [PRO]
Law/Patents - Transport / Transportation / Shipping
English term or phrase: ITB
I've got this sentence in the Special Terms and Conditions of Purchase:

"The Seller shall comply with the Buyer's General Shipping Instructions (3858 T210-00100) which is a part of the Buyer's ITB and the following Special Shipping Instructions."

Any idea what ITB can stand for in this case?
Thank you in advance
Adam Załuski
Local time: 14:59
English translation:Invitation to bid
Explanation:
might fit?

What is an ITB?
ITB is short for "Invitation-To-Bid", and is in essence a detailed description of a Buyer`s need for materials, products or services. It can include detailed descriptions, formal bid documents, shipping information, dates, times and even terms and conditions. Once a list of pre-determined and pre-approved suppliers is identified, the ITB is sent out requesting their participation to bid in the online event. Suppliers will use this ITB, which will be available online, to determine if they can supply the product or service, given the specifications the Buyer has outlined in the ITB. This makes it very important for the Buyer to be as detailed as possible when creating the ITB.
Selected response from:

Allesklar
Australia
Local time: 22:29
Grading comment
Thanks!.
4 KudoZ points were awarded for this answer

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Summary of answers provided
2 +3Invitation to bid
Allesklar


  

Answers


13 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +3
itb
Invitation to bid


Explanation:
might fit?

What is an ITB?
ITB is short for "Invitation-To-Bid", and is in essence a detailed description of a Buyer`s need for materials, products or services. It can include detailed descriptions, formal bid documents, shipping information, dates, times and even terms and conditions. Once a list of pre-determined and pre-approved suppliers is identified, the ITB is sent out requesting their participation to bid in the online event. Suppliers will use this ITB, which will be available online, to determine if they can supply the product or service, given the specifications the Buyer has outlined in the ITB. This makes it very important for the Buyer to be as detailed as possible when creating the ITB.


    Reference: http://www.reverseauctionsmadeeasy.com/detail.asp?Opt=Yellow...
Allesklar
Australia
Local time: 22:29
Native speaker of: German
PRO pts in category: 4
Grading comment
Thanks!.

Peer comments on this answer (and responses from the answerer)
agree  John Fenz: see definition at Acronym Finder: http://tinyurl.com/2a7tmp, and numerous others if you search - ITB "invitation to Bid" - in Google
53 mins

agree  Erich Ekoputra
6 hrs

agree  Reza Mohammadnia: BinGo!
1 day15 hrs
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