ITN (Invitation To Negotiate)

An Invitation To Negotiate (ITN) is a formal procurement process used by organizations to solicit bids and offers from potential vendors. This process often involves preparing documents such as contracts, terms of reference, specifications, and schedule of requirements. Through an ITN, an organization is able to identify and evaluate the best vendor for their needs, based on quality, price, efficiency, and other factors. The successful bidder is then invited to enter into negotiations with the organization in order to reach an agreement that meets its objectives. By engaging in this process, organizations can maximize value for their procurement efforts.