Improving ADB Project Performance through Procurement Reforms: Policy Paper
ADB's new procurement framework aims to modernize its procurement policy and approach as it scales up its operations to eliminate poverty and promote sustainable development in Asia and the Pacific.
Aside from reducing the overall procurement time and improving the quality of procurement in ADB-financed projects, the new framework will address the need to bring advanced and cleaner technologies to ADB clients. Among other measures, it will allow deeper focus on project design and planning. The new approach permits more flexibility and dynamism in the bidding process allowing multiple stage bidding for complex procurement. Its provisions will enable ADB to help countries in fragile and conflict-affected situations better. The use of agency procurement systems will also help pave way for greater use of country systems.
The new framework will be rolled out in phases for new projects starting in July 2017.
See the final versions of the Procurement Regulations for ADB Borrowers: Goods, Works, Nonconsulting and Consulting Services and ADB Procurement Policy: Goods, Works, Nonconsulting and Consulting Services.
- Drivers of the Proposed Procurement Reforms
- Proposed Procurement Framework
- Expected Benefits