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A buyer might opt to do an Invitation to Tender (ITT) rather than a Request...

A buyer might opt to do an Invitation to Tender (ITT) rather than a Request for Quotation (RFQ) because …

A.

Time is of the essence and decisions need to be made quickly without additional stakeholder involvement

B.

The contract will be low value and there are many suppliers, therefore a simpler approach is required

C.

The supplier market is an oligopoly where a few large suppliers dominate the market

D.

The nature of the goods or services being purchased is complex and high value

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