What does an Invitation for Bid (IFB) primarily focus on?

An Invitation for Bid (IFB) is a procurement document used by organizations to solicit competitive bids from suppliers or contractors. The primary focus of an IFB is on selecting the lowest bid that meets the specified requirements. This process emphasizes obtaining the best price for the goods or services while ensuring compliance with the outlined specifications.

By prioritizing the lowest bid, the IFB process aims to promote fairness and transparency in procurement, allowing multiple vendors to compete based solely on price. This is particularly valuable in public sector procurement, where maximizing the use of taxpayer dollars is essential. Therefore, the correct choice highlights the fundamental goal of the IFB, which is to identify the most cost-effective option among those who respond to the invitation.