World Bank Listing of Ineligible Firms and Individuals - Procurement
The World Bank's listing of ineligible firms and individuals identifies firms and individuals who are barred from participating in World Bank-funded projects due to misconduct or failure to comply with procurement regulations. This list helps ensure transparency and integrity in procurement processes, allowing organizations to avoid engaging with ineligible entities. Staying informed on this list is crucial for maintaining compliance and fostering ethical business practices within the global development sector.
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1,704 Entities in World Bank Listing of Ineligible Firms and Individuals - Procurement
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
PETROWACO PROPERTY JOINT STOCK COMPANY | Company | Sep 26, 2022 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED YUNNAN BRANCH | Company | Aug 22, 2024 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED YUTIAN BRANCH | Company | Aug 22, 2024 | active |
SOMSAVANH CHALEUN CONSTRUCTION CO LTD | Company | Nov 1, 2022 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED LULONG BRANCH | Company | Aug 22, 2024 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED LUOYANG BRANCH | Company | Aug 22, 2024 | active |
HEBEI CONSTRUCTION GROUP CORPORATION LIMITED AIRPORT BRANCH | Company | Aug 22, 2024 | active |
SHAANXI HERUI TECHNOLOGY DEVELOPMENT CO LTD | Company | Apr 14, 2023 | active |
JIANBANG HOUSING TECHNOLOGY DEVELOPMENT CO LTD | Company | Feb 14, 2022 | inactive |
ASSOCIATION FOR THE PROMOTION OF EDUCATION AND INTEGRAL DEVELOPMENT OF THE PERSON H | Company | Apr 25, 2018 | inactive |
FAQs
Why is compliance with the World Bank Listing of Ineligible Firms and Individuals - Procurement necessary?
Compliance with the World Bank's Listing of Ineligible Firms and Individuals is crucial for maintaining the integrity of procurement processes. Adhering to these listings helps ensure that only qualified, ethical entities participate in projects funded by the World Bank, thereby safeguarding public resources. Non-compliance risks severe penalties, including disqualification from future contracts and damage to reputations. Ultimately, compliance fosters a fair competitive environment, promotes accountability, and supports the effective use of funds intended for development and public welfare.
Which companies should comply with World Bank Listing of Ineligible Firms and Individuals - Procurement?
Companies involved in procurement, particularly in sectors like construction, engineering, and consulting, must comply with the World Bank Listing of Ineligible Firms and Individuals. This compliance is essential to ensure transparency, integrity, and fair competition in projects funded by the World Bank. Engaging with ineligible entities can lead to legal repercussions, financial losses, and damage to reputation.
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