| 单词 |
international competitive bidding |
| 释义 |
International Competitive Bidding
International Competitive BiddingA system the World Bank uses to reduce the risk of the loans it makes. It requires borrowers to advertise the project a loan is funding in an international language and to accept the lowest (reasonable) bid from subcontractors. Agreeing to abide by international competitive bidding is a condition of borrowing from the World Bank.AcronymsSeeICB |
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