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Participation reward: 2 Wealth. Correct reward: 6 points. Multiple-choice question: For a hydropower project financed by the World Bank, it is necessary to select a construction contractor through bidding. What conditions must be met before carrying out such bidding? ( ) A. The tendering entity has been legally established. B. Any preliminary design and cost estimates that require approval have been approved. C. All aspects related to the scope of the tender, the method of tendering, and the organization of the tendering process that require approval have been approved. D. All funds necessary for the project construction are in place. E. There are the design drawings and technical documents required for the tendering process. Correct answers: A, B, C, E
For a hydropower project financed by a World Bank loan, the construction contractor must be selected through bidding; therefore, the conditions that must be met prior to conducting such bidding are (ABCE). A. The tendering entity has been legally established. B. Any preliminary design and cost estimates that require approval have been approved. C. Any aspects related to the scope of the tender, the method of tendering, and the organization of the tendering process that require authorization have been authorized. D. All funds necessary for the project construction are in place. E. There are the design drawings and technical documents required for the tendering process