A total of 50 person-months of international consulting and 225 person-months of national consulting services are required for the TA, which will cost a total of $1,150,000 including remuneration, travel, and per diem. Individual consultants and resource persons will be hired according to ADB's Guidelines on the Use of Consultants (2010, as amended from time to time). For this TA, hiring a team of consultants will provide more benefits for ADB than engaging a firm due to the following reasons: (i) faster mobilization of consultants, (ii) greater control by ADB staff in selecting and managing individual consultants; (iii) greater flexibility in engaging experts specializing in a broad spectrum of finance-related topics. The project team leader will be an OREI staff, assisted by a contract administration team also OREI staff. One international consultant, a bond market specialist, will assist OREI in supervising and coordinating the activities of each expert, and consolidating individual outputs. The other international consultants will comprise one economics editor, who will review and edit the contents of the ABO website and related publications; bond market economists, who will conduct an in-depth evaluation of the development of various bond markets; and financial market specialists who will conduct an in-depth evaluation of financial markets. About eight resource persons, for an equivalent of two person months, will be invited to participate in seminars as speakers and discussants.
The TA requires the following national consultants to operate and develop the ABO website: one project coordinator/researcher to coordinate outputs and conduct research work with financial analysts; a senior analyst to provide in-depth analyses, draft working papers, and contribute to publications; and six financial market analysts, each with country-specific assignments, who will monitor and analyze capital markets and policy issues in the participating countries and will assist in the supervision of the ABO website's operation. One website administrator and two web specialists are also needed to for system/database development and maintenance. One national consultant will be engaged for graphics and design, and another consultant for typesetting and publications layout.
ADB will be the executing agency for the TA. The Office of Regional Economic Integration (OREI) will implement the TA, in close consultation with ASEAN+3 ABMI officials, and supervise the work of TA consultants. The TA is expected to be completed over a period of 18 months from October 2011 to March 2013.
Disbursements under the TA will be in accordance with the ADB's Technical Assistance Disbursement Handbook (May 2010, as amended from time to time). Purchases of equipment (e.g., computer hardware and software) and statistical databases will be undertaken in accordance with ADB's Procurement Guidelines (2010, as amended from time to time) and in coordination with ADB's Office of Information Systems and Technology and Office of Administrative Services, where applicable. After the TA, any procured equipment will be disposed of in compliance with Project Administration Instructions 5.11. The estimated cost of new equipment, computer software, and databases is $40,000.