International Competitive Bidding


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International Competitive Bidding

A system the World Bank uses to reduce the risk of the loans it makes. It requires borrowers to advertise the project a loan is funding in an international language and to accept the lowest (reasonable) bid from subcontractors. Agreeing to abide by international competitive bidding is a condition of borrowing from the World Bank.
References in periodicals archive ?
Project Name: International competitive bidding of isobutane nitrogen recovery unit(inru) for 400 kmta hdpe plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding procurement of autoclave reactor system for 100 kmta eva plant of sinochem quanzhou1000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding procurement of process design package for 508 kmta ethylbenzene plant for sinochem quanzhou 1000kmta ethylene & Refinery revamping project
The tender is part of the project funded by INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (IBRD), WORLD BANK (WB), and is floated under International competitive bidding.
International competitive bidding will be conducted in accordancewith the IBRD Single Stage Bidding Procedure.
It is under International competitive bidding and the closing date of the tender is 08 Jun 2016.
It is under International competitive bidding, and the closing date of the tender is 17 May 2016.
The tender is part of the project funded by Asian Development Bank (ADB), and is floated under International competitive bidding.
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