This document provides guidelines for bid opening, evaluation, and award of contracts for projects funded by World Bank loans. It discusses procedures for bid opening, including reading aloud bid amounts and recording them for all bidders. It also covers maintaining confidentiality, examining bids for responsiveness, and evaluating bids based on both price and other factors such as payment terms, delivery time, operating costs, and availability of spare parts. The evaluation aims to select the bid with the lowest evaluated cost to the borrower. A detailed report must be prepared documenting the reasons for the contract award decision.