Glossary
There are currently 2 terms in this directory beginning with the letter I.iBuy
Web-based ordering tool that provides the University of Illinois system with the most streamlined, cost effective way to place orders with suppliers. End-users have the ability to create requisitions for a range of items: from pens and keyboards to custom servers and furniture orders.
Invitation for Bid (IFB)
This term is used when you know the details, require a specific set of specifications and the estimated budget is $100,000 or greater. A formal method of solicitation whereby suppliers are requested to submit a bid for the provision of goods. Price is the main factor for award. An IFB must be “open” for a minimum of 14 days. It will be issued by Purchasing and posted on the Illinois Procurement Bulletin for Higher Education website. To start a solicitation please use the following form:
UIUC Solicitation Information Form
iBuy
Web-based ordering tool that provides the University of Illinois system with the most streamlined, cost effective way to place orders with suppliers. End-users have the ability to create requisitions for a range of items: from pens and keyboards to custom servers and furniture orders.
Invitation for Bid (IFB)
This term is used when you know the details, require a specific set of specifications and the estimated budget is $100,000 or greater. A formal method of solicitation whereby suppliers are requested to submit a bid for the provision of goods. Price is the main factor for award. An IFB must be “open” for a minimum of 14 days. It will be issued by Purchasing and posted on the Illinois Procurement Bulletin for Higher Education website. To start a solicitation please use the following form:
UIUC Solicitation Information Form
UIUC Solicitation Information Form