Strategies for Effective Procurement in World Bank-Financed Projects
5 Modules
30 Lessons
Beginner to Intermediate
Procurement Management of Equipment and Works using the New Procurement Framework in World Bank
Course Summary
Annually, developing nations allocate millions of dollars towards acquiring goods, constructing infrastructure, and obtaining services to foster development.
A significant portion of these funds originates from International Finance Institutions like the World Bank, which provides low-interest loans or grants. The World Bank plays a crucial role in offering financial and technical assistance.
In 2016, it committed over $16 billion to new development initiatives under Investment Project Financing.
These funds were aimed at supporting infrastructure and consultancy projects across various sectors, including transportation, water and sanitation, energy, and extractives.
Course duration:
This workshop extends over five days, encompassing a broad array of subjects related to "Procurement Management of Equipment and Works Using the New Procurement Framework in World Bank Projects".
Course Overview:
This comprehensive five-day workshop is designed for professionals involved in procurement for World Bank-funded projects. Participants will gain a deep understanding of the World Bank's New Procurement Framework, learning how to effectively manage the procurement of equipment and construction works. This course will focus on the latest guidelines and methodologies that promote efficiency, transparency, and value for money in procurement processes.
What you'll get:
- Practical Skills: Acquire practical procurement management skills applicable to equipment and infrastructure works.
- Strategic Planning Techniques: Master strategies for effective procurement planning and execution.
- Risk Management Tools: Identify and learn to mitigate risks associated with procurement in large projects.
- Compliance Knowledge: Understand compliance requirements to align with World Bank standards and ethical practices.
The workshop will provide participants with comprehensive knowledge and practical skills to effectively manage procurement of equipment and works using the World Bank's New Procurement Framework. Attendees will learn how to enhance transparency, efficiency, and value for money in procurement processes, equipping them to implement best practices and stay compliant with international standards.
Course Curriculum
Day 1
The World Bank’s New Procurement Framework
- The World Bank and Its Five Affiliate Institutions
- Objectives and Aims of World Bank Procurement Policies.
- The Six-Stage Project Cycle for World Bank-Funded Initiatives.
- Fundamental Principles of the New Procurement Framework.
- Renewed Focus on Achieving Value for Money in Procurement
Day 2
The World Bank Project Procurement Strategy for Development (PPSD)
- Drafting the Preliminary Project-Specific Procurement Document (PPSD)
- Choosing a Suitable PPSD Template.
- Conducting a Strategic Assessment of the Borrower's Operational Context and Capabilities.
- Developing a Supplier Market Analysis for the PPSD Performing a Procurement Risk Analysis.
- Converting a Needs Assessment into Development Objectives
Day 3
Developing the Borrower’s Procurement Plan.
- The Procurement Cycle Overview.
- Key Abbreviations and Defined Terms in Procurement.
- Crafting the Procurement Approach and Setting Objectives.
- Defining Requirements and Drafting Specifications.
- Collaborating with Stakeholders to Formulate the Procurement Plan.
- Obtaining the World Bank's "No Objection" for Procurement Activities
Day 4
Competitive Bidding under the New Procurement Framework.
- Key Regulations for International Competitive Bidding (ICB).
- Recognized Methods for Selection in Procurement Utilizing the World Bank’s Standard Procurement Documents. (SPDs)
- Implementing the Request for Bids Process Conducting the Request for Proposals Process.
- Applying Best and Final Offer (BAFO) and Negotiation Technique.
- Engaging in Competitive Dialogue Structuring
- Public-Private Partnerships (PPPs)
- Leveraging E-Auctions for Procurement Efficiency
Day 5
Running an Effective Procurement for a World Bank Aided Project.
- Evaluating Supplier Bids and Proposals
- Managing Complaints and Utilizing the Standstill Period
- Implementing Contracts to Ensure Value for Money
- Developing a Contract Management Plan
- Understanding the Bidder's Perspective
This workshop is suitable for Procurement Managers, Project Managers involved in World Bank-funded projects, Public Sector Officials, Financial Controllers, Compliance Officers, Consultants specializing in international development, and anyone interested in mastering the World Bank's New Procurement Framework for managing equipment and works procurement.
Prerequisites
There are no specific prerequisites for this workshop, although a basic understanding of project management concepts may be beneficial for participants.
Delivery Method
The workshop employs various interactive methods including lectures, case studies, group discussions, hands-on exercises, and simulations to engage participants and enhance learning.
Certificate
Participants will receive a certificate upon successful completion of the workshop, validating their understanding and proficiency in integrating sustainability into project management practices.
