Procurement under World Bank financing is governed by policies and procedures defined in the Procurement and Consultant Guidelines which inform those carrying out a project that is financed in whole or in part by the World Bank of the arrangements for procuring works, goods and consultant services required for the project. The Loan Agreement governs the legal relationships between the Borrower and The World Bank and the Guidelines are made applicable to procurement as provided in the Agreement. However the rights and obligations of the Borrower and the providers of works, goods and consultant services are governed by the bidding documents or the Request for Proposals and the contracts signed between the Borrower and these providers.
New Procurement and Consultants Guidelines (First Printing April, 2004) become effective for loans, credits, and grants for which the invitation to negotiate is issued after May 1, 2004 and are dated May 2004. We have prepared a quick reference to help our clients to easily understand the objectives of revisions and the revisions made.
In carrying out World Bank financed procurement, the following considerations generally guide the World Bank's requirements:
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The need for economy and efficiency
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The need for high quality services
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Fair opportunity to all eligible bidders
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Development of domestic contracting, manufacturing and consulting industries and
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Transparency in the procurement process
This site provides access to you to these Guidelines, the Standard Bidding Documents used by Borrowers and other information which explain in details how to participate in World Bank financed procurement and what are the policies and procedures. In China, the World Bank Office in Beijing through its Procurement Unit provides support on procurement matters in the implementation of projects. The Procurement Unit is staffed with Chinese Procurement Specialists and is available to provide assistance to all participants in World Bank financed procurement.
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