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Item 12q June 23, 2016COLLEGE OF Dupage REGULAR BOARD MEETING BOARD APPROVAL 1.SUBJECT The bid purchase for Elevator Maintenance Services.2.REASON FOR CONSIDERATION Bids of an item exceeding the statutory

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Businesses looking to win contracts for goods or services.

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Bid solicitation - new refers to the process of inviting suppliers or contractors to submit proposals or bids for a certain project or contract, often through a formal advertisement or notice.

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Typically, government agencies, corporations, and organizations seeking to procure goods or services are required to file bid solicitations.

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The purpose of bid solicitation - new is to create a competitive environment among potential suppliers, allowing the issuing authority to obtain the best value and service for their procurement needs.

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Information that must be reported includes project specifications, budget constraints, submission deadlines, minimum qualifications for bidders, and criteria for evaluation.

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