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 |
---|---|---|---|
SUN TRANSFORMER MANUFACTURING CO LTD | Company | Jul 2, 2015 | active |
A2Z WASTE MANAGEMENT JAIPUR LIMITED | Company | May 28, 2021 | active |
SHANDONG LANLAN BUILDING MATERIALS TECHNOLOGY CO LTD | Company | Feb 14, 2022 | inactive |
KUVASOY TAMIR KURLISH LLC | Company | Jun 13, 2018 | active |
NANCHANG HEHONG CONSTRUCTION CO LTD | Company | Jul 26, 2021 | active |
DIGIMAX SERVICES LIMITED | Company | Nov 12, 2021 | active |
MMK PROJECT SERVICES LIMITED | Company | Jan 31, 2014 | active |
HEBEI SHENNING CONSTRUCTION ENGINEERING CO LTD | Company | Aug 22, 2024 | active |
REEF BUILDING SYSTEMS LIMITED | Company | Jul 9, 2013 | active |
WEIHAI CONSTRUCTION GROUP COLICCON CONSTRUCTION DEVELOPMENT LTD | Company | Feb 14, 2022 | 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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