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BRIEFMay 30, 2024

Suppliers' Hub: Our Value Proposition​

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Operations Procurement projects themselves can be interesting, cover a wide variety of Goods, Works, Consulting and Non-consulting Services, and provide unique opportunities to support the delivery of the World Bank’s development agenda at a critical time of multiple, compounding challenges. Being awarded a World Bank-funded contract can be a good, low risk means to enter a developing market, especially if you are new to working in the development sector or a particular country.​

The types of business opportunities vary in scope, value and complexity and are suitable for delivery by a range of suppliers from SMEs through to large multi-national companies. Contracts can be short, medium or long term. Contracts are delivered across the globe and provide opportunities for both domestic and international suppliers.​

 

World Bank contracts are an attractive gateway to developing markets.​

The key benefits of selling to Operations Procurements include: ​

  • $80 billion worth of contracts yet to be awarded in the next five years, (the deadline for bid submission may be over).

  • $47 billion worth of procurement opportunities in the next five years (where prospective bidders can still bid). These figures are based on existing procurement plans that may be added to or amended over time.
  • Focusing on quality by increasing the use of rated criteria to evaluate key quality factors, including innovation, approaches to sustainability and value engineering etc. This informs contract award decisions based on optimal value for money, not lowest cost.​

  • The Bank’s Procurement Framework provides certainty of process and high levels of integrity through Bank mandated procedures.​

  • Opportunities for a diverse range of suppliers, contractors and consultants.​

  • High caliber specialists are sought in a variety of sectors, countries and geographic regions.​

  • World Bank contracts are an attractive gateway to developing markets.​

The Bank, and its Borrowers, consider it essential to work closely with suppliers, manufacturers and markets to continue to improve our procurement procedures to ensure that they are fair and  fit-for-purposes. It is essential that experienced suppliers are incentivized to participate knowing and add value through their added-value and demonstrated successful results and outcomes.​