Bank – Financed Procurement
I. Procurement PolicyIntroduction: The Bank’s interest in procurement stems from the provisions of its Articles of Agreement which stipulate that the funds it lends are used only for the purpose for which the loan was granted, with due attention to economy and efficiency. The Bank has established rules for the use of its loans, and for supervising the execution of the projects it helps to finance – including procurement of the necessary goods and works for them.
The World Bank has five basic concerns that govern its procurement policies:
II. Bidding DocumentsThe following standard documents have been prepared by the World Bank for use by borrowers and their implementing agencies in the procurement of goods, works and services:
Procurement of Goods:
Procurement of Works:
Procurement of Services:
III. Business OpportunitiesThe borrower, not the Bank, is always responsible for procurement. The Bank provides financing from its loans for the contracts, but the contract itself is between the borrower and the supplier or contractor. The Bank’s role is to make sure that the borrower’s work is done properly, that the agreed procurement procedures are observed, and that the entire process is conducted with efficiency, fairness, transparency and impartiality.
Suppliers, contractors, and consultants can learn more about this process by attending a Monthly Business Briefing at World Bank headquarters in Washington, DC, or reading the Guide to International Business Opportunities.
To assess the qualifications of firms and to assist borrowers in establishing a short list, the Bank maintains a computerized roster of consulting firms interested in doing business on Bank-financed projects, called the Data on Consulting Firms (DACON) system. (There is no similar registration system for manufacturers and other suppliers of goods or contractors for works).
The United Nations produces Development Business which provides information on business opportunities generated through the World Bank, regional development banks, and other development agencies. Development Business is available in either print format or by online subscription. For more information contact the Development Business Liaison Office at Tel: (202) 458-2397; Fax: (202) 522-3316 or E-mail: email@example.com.
|Last update January 2020|