Operational procurement update

Rated Criteria!

Effective September 1, 2023, the World Bank will require the use of Rated Criteria as the default approach for most international procurements. Using Rated Criteria more widely will increase Borrowers’ flexibility to procure works, goods, and non-consulting services best suited to their specific situation and provide a more fit-for-purpose approach. Rated Criteria will also increase willingness of the best suppliers to bid and participate in Bank- financed projects—with the knowledge that their added value will be part of the evaluation, thereby increasing options, global competition, and likelihood for effective market solutions.

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

· 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.

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