An important aspect of NADB financing is to ensure that the proceeds of loans and grants are used efficiently and for the purposes designated in the scope of the project. To this end, NADB has established a procurement policy designed to guide project sponsors in the use of NADB funds and to assist contractors, suppliers, and consultants in the bidding process.
Procuring goods and services is the responsibility of the project sponsor. NADB reviews the procurement plan prior to financing and monitors the procurement process in order to ensure compliance with NADB policies. The sponsor can use local procurement policies and procedures, provided that they are substantially consistent with those established by NADB.
NADB generally requires that public sector contracts for infrastructure projects be awarded on the basis of international competitive bidding. When NADB reviews the procurement plan for a specific project, it is mainly concerned with the following factors:
- International publicity: Invitations to bid are published internationally.
- Unrestricted participation: The procedures do not discriminate between foreign and local suppliers or contractors.
- Sufficient bidding period: The timeframe for the submission of bids is long enough to allow international bidders to participate.
- Bid documents: The bid documents are clear and contain all the information necessary for bidders to submit a responsive proposal.
- Bidder access: Bidders have access to all pertinent information, and there is an adequate clarification procedure for responding to bidder questions.
- Evaluation criteria: Specific evaluation criteria are established prior to bidding, clearly stated in the bidding documents, and applied consistently in evaluation of the bids.
- Transparency: The bidding process is fair and open, and bidders can participate under equitable conditions.
The General Procurement Notices (GPN) published for NADB-financed projects in NADBank News are available in the GPN Archive.
For information about current procurement opportunities for goods, services and works with NADB-financed projects, see Business Opportunities.