Procurement Management of Equipment and Works for World Bank Aided Projects

Introduction

Developing countries spend millions of dollars each year on purchased goods, construction and services for development purposes. Much of this money comes from International Finance Institutions such as the World Bank in the form of low-interest loans or grants. The World Bank is a vital source of such financial and technical support. In 2016, the World Bank entered into more than $16 billion in new development commitments for Investment Project Financing to assist in the funding of infrastructure or consultancy projects for transportation, water and sanitation, energy and extractives.

This GLOMACS specialist training course on Procurement Management of Equipment and Works for World Bank Aided Projects explores the key provisions of the new World Bank Procurement Regulations for Investment Project Financing that came into force in July 2016. The new regulations place a high importance on ensuring that World Bank funded projects will deliver Value for Money and the new Procurement Framework is structured around achieving that goal. This training course includes group work to enable participants to prepare the main strategy and procurement planning documents that the World Bank expects from public authorities that wish to apply for IPF financial support.

This training course will highlight:

• Procurement procedures for the World Bank financed projects
• The new World Bank procurement framework
• Procedures for soliciting competitive bids
• Running a successful procurement
• Process of procurement planning

Objectives

During this training course, you will learn:

• What the new World Bank procurement regulations require?
• How to competently plan and execute the entire procurement cycle?
• What you need to do to comply with the Procurement Regulations for IPF Borrowers?
• How to manage the processes for the procurement of equipment and works?
• How to apply sound procurement planning strategies?

Training Methodology

Dynamic, interactive and totally participant focused, this Procurement Management of Equipment and Works for World Bank Aided Projects training course will be delivered by a world class subject matter expert, whose knowledge and skills have been honed over many years working in the field of projects, procurement and contract management. Using the most up to date learning practices, current material and actual case studies, the participants will be taken on a journey of discovery by understanding the real need to develop the right processes and systems for their organisation.

Organisational Impact

The organization will benefit by having trained personnel who can understand and implement:

• The core procurement principles
• Efficiency and cost-effectiveness in the procurement of goods and equipment
• Project Procurement Strategy for Development (PPSD)
• Modern procurement methods
• Evaluation of strategy options for the procurement

Personal Impact

Delegates attending this training seminar will learn and benefit by:

• Understanding the modernized procurement framework
• How to request and manage bids and proposals
• Best practice in planning a procurement
• Provide modern and efficient procurement approaches and methods
• Understand value-for-money decision making for award of contract