Tag Archives: Procurement

What is rated criteria? and how does it help procurement?

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· World Bank Procurement in Investment Project Financing helps borrowers achieve sustainable development objectives through value-based, principled, and transparent procurement guidance and support.

· The World Bank Procurement Framework launched in 2016 promotes a strategic, fit-for-purpose approach to procurement that focuses on impact and overall value-for-money.

· In keeping with the value-focused approach, most World Bank-financed Procurement will require the use of Rated Criteria which will promote the inclusion of key quality and sustainability criteria rather than using just the lowest evaluated price for award decisions.

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Rated Criteria – A Game Changer for Promoting Value in World Bank Procurement

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· World Bank Procurement in Investment Project Financing helps borrowers achieveRated-Criteria-Image sustainable development objectives through value-based, principled, and transparent procurement guidance and support.

· The World Bank Procurement Framework launched in 2016 promotes a strategic, fit-for-purpose approach to procurement that focuses on impact and overall value-for-money.

· In keeping with the value-focused approach, most World Bank-financed Procurement will require the use of Rated Criteria which will promote the inclusion of key quality and sustainability criteria rather than using just the lowest evaluated price for award decisions.

Continue reading →