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	<title>Arizona Capitol Times &#187; State Contracts</title>
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		<title>State Contracts 6/19</title>
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		<pubDate>Fri, 19 Jun 2009 22:38:36 +0000</pubDate>
		<dc:creator>Arizona Capitol Times Staff</dc:creator>
		
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Formal Solicitations:
An invitation for bids (IFB) is a formal competitive procedure used by the state when a contract&#8217;s value is anticipated to exceed $50,000. Often called a &#8220;formal bid&#8221; or a &#8220;competitive sealed bid,&#8221; an IFB is the preferred method for the procurement of goods and services. Registered vendors are notified of procurement activity in [...]]]></description>
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