Email invites for Projects get sent as soon as you hit the Invite button and they will only be sent once.
However, if the Project is scheduled to open in the future, the invitation that vendors receive will outline when the opportunity will be open.
Here is a screenshot of what the vendors will see for a Pending Project:
You can manually resend these invitations once the Project is Open by going into the Invite Vendors tab under the Vendor Invites section:
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