World Bank to change procurement rules

摘要

The World Bank's executive directors have approved a new framework for the way projects are procured. If adopted as policy, this could change the way contracts for Bank-funded construction projects are awarded and administered The Bank said its vision was, "Procurement in Bank operations supports clients to achieve value for money with integrity in delivering sustainable developments." This could signal a change in several aspects of how contracts are awarded, and the stance the Bank will take towards fraud and corruption. A key change in that in considering the economic value of bids, the Bank says in its proposal that it will consider initial price along with competitiveness, quality, life-cycle costs and benefits. This implies a move away from 'lowest price wins' policies.