In this video, Christopher Browne, Chief Procurement Officer of the World Bank shares reasons why businesses should consider bidding on World Bank projects, where to find opportunities to bid, key innovations under the World Bank’s new Procurement Framework, and advice for developing a successful bid.
Starting in 2016, the World Bank is implementing a new Procurement Framework. Value for money, sustainable development and integrity are the vision of the new approach. The new Framework will help clients get better development results as it gives the World Bank the space and capacity to significantly increase its support to help countries develop their own procurement systems. For the first time, the World Bank will allow any contract award decisions to be based on criteria other than lowest price, including quality and sustainability.