Pill Key Points: World Bank Corporate Procurement Consulting Contracts
The World Bank’s Corporate Procurement are the corporate purchases that the Bank makes for itself, both in the preparation of consultancy projects through technical assistance, and for purchases of goods or works for the Bank itself.
There are different selection methods for hiring companies and individual consultants. Depending on the project’s budget, we can find consulting contracts that are advertised openly on the Bank’s platform – starting at $250,000. On the other hand, we have contracts of up to $250,000 for which it is necessary to have previously registered in the Bank’s contracting platform as a Vendor (accredited supplier). And lastly, contracts of less than $50,000 that can be awarded directly by the Bank.
Registration on the World Bank’s Corporate Procurement platform is done through the WBGeProcure RFx Now portal, which allows you to search for opportunities, express interest and submit proposals.
When looking for contracting opportunities with the World Bank, it is important to consult the procurement plans, the country association frameworks, the project portfolio in order to prepare all the required documentation and present a technical offer adapted to the specifications. You must also be willing to travel to carry out the work when required, be active when establishing a network of contacts with the Bank’s Team Leaders or Project Managers, as well as maintain a professional profile on active social networks with content relevant in our sector.
Finally, reference was made to the taxation of the projects and reflection was made on the upcoming changes within the World Bank itself related to the Paris Agreement on climate change, aligning its operations with the objectives of mitigation and adaptation. Likewise, reference was also made to the change in the presidency of the World Bank, going from David Malpass (appointed by Donald Trump and accused of being skeptical about climate change) to Ajay Banga, with the aim of incorporating the private sector into the activities from the bank.
In conclusion, the World Bank’s Corporate Procurement consulting contracts offer interesting business opportunities for Galician companies in all sectors of activity, although they require prior knowledge of the bank’s contracting procedures in order to prepare adequately and bid successfully.
From SALT we offer advice for the presentation of tenders and accompaniment in all stages of the process.