The Rated Criteria Library : Introduction

Overview & Synopsis

The use of Rated Criteria is the default approach for most Bank-funded international competitive procurements. Combined with price and life cycle cost formulas, Rated Criteria provide a truer assessment of value-for-money, one that focuses on quality, sustainability, and other key criteria beyond price. To support the mandatory use of Rated Criteria, the Bank has issued updated Evaluating Bids and Proposals Guidance, rolled out global training and is developing an e-learning program. Rated Criteria should be project specific and representative of the critical issues and risks that the procurement is seeking to address, and which have been identified in the Project Procurement Strategy for Delivery (PPSD). When identifying Rated Criteria, it is good practice to minimize the number of criteria so that focus can be brought to the factors that enable differentiation between Bids/Proposals. The information/evidence that is required to be submitted by each Bidder, the evaluation methodology that will be used, the criteria that will be assessed, and the associated weightings should be clearly set out in the bidding documents.