International Competitive Bidding: A Comprehensive Guide

[sreeja palla]

nternational competitive bidding (ICB) is a process in which companies from different countries compete to provide goods, services, or works to a buyer. This process is often used by governments and international organizations to procure goods and services, and it is intended to provide a fair and transparent way to award contracts.



The objective of ICB is to provide all eligible bidders a timely and adequate notification about a buyer's requirements. Furthermore, it also provides an equal opportunity to bid for the required goods, works, and non-consulting services.



ICB is the most appropriate procurement method that provides a level-playing field for eligible bidders. This also provides the executing agency (EA) or public procurement officers with an option to plan for strategic sourcing from competing contractors and suppliers.

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