Project procurement refers to the process of acquiring goods, works, and services for projects financed by the Inter-American Development Bank. It plays a critical role in ensuring that development projects are implemented in an efficient, effective, and sustainable manner.
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What is project procurement?
Which procurement sectors does the IDB finance?
The IDB finances procurement in sectors including health, water, energy, transport, agriculture, and digital infrastructure. Each year, projects financed by the IDB generate between 30,000 and 40,000 contracts for private sector investment.
How many contracting opportunities do IDB-financed projects generate each year?
IDB-financed projects generate between 30,000 and 40,000 contracts of varying values for the procurement of goods, works, and consulting services each year.
What is the approach to awarding a contract?
The IDB emphasizes quality—including approaches to sustainability and innovation—steering contract award decisions toward the best value for money, rather than simply the lowest cost.
How can I connect with local suppliers through ConnectAmericas?
Simply join the program and create your account. Once you’ve done so, you can set your location and target industry, then search for suppliers that meet your needs. From there, you can contact potential suppliers directly to continue the conversation.
What resources are available to help me prepare for IDB tenders?
Visit the ConnectAmericas Academy for more information that can help your company prepare for IDB tenders.