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 fluff additive feed package for 350 kmta pp plant of sinochen quanzhou 1,000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding of multistage centrifugal pump 1 for 400 kmta hdpe plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding procurement of hp and ehp rupture disc for 100 kmta eva plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding of vent recovery compressor for 350 kmta pp plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding procurement of modifier pumps for 100 kmta eva plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding procurement of comonomer pumps for 100 kmta eva plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
Project Name: International competitive bidding procurement of extruder system package for 100 kmta eva plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
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
Contract Awarded for International competitive bidding procurement of process design package for 508 kmta ethylbenzene plant for sinochem quanzhou 1000kmta ethylene & Refinery revamping project
Contract Awarded for International competitive bidding procurement of autoclave reactor system for 100 kmta eva plant of sinochem quanzhou 1000 kmta ethylene and refinery revamping project
International competitive bidding will be conducted in accordancewith the IBRD Single Stage Bidding Procedure.
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