This document discusses open contracting and its benefits. Open contracting involves multi-stakeholder collaboration around disclosure of contracting data and capacity building. It can improve financial management of public investments in infrastructure, which are estimated to be $57 trillion globally between 2013-2030. In Afghanistan, an integrity monitoring partner oversaw 281 infrastructure projects, achieving an 83% fix rate for issues found through 845 monitors. Open contracting helps address challenges like fiduciary risk management, on-time delivery, and compliance with specifications.
Original Description:
Day2-Sp4 PresentacionOC-ICGFMMiami05122014 MarcelaRozo En
Original Title
Day2-Sp4 PresentacionOC-ICGFMMiami05122014 MarcelaRozo En
This document discusses open contracting and its benefits. Open contracting involves multi-stakeholder collaboration around disclosure of contracting data and capacity building. It can improve financial management of public investments in infrastructure, which are estimated to be $57 trillion globally between 2013-2030. In Afghanistan, an integrity monitoring partner oversaw 281 infrastructure projects, achieving an 83% fix rate for issues found through 845 monitors. Open contracting helps address challenges like fiduciary risk management, on-time delivery, and compliance with specifications.
This document discusses open contracting and its benefits. Open contracting involves multi-stakeholder collaboration around disclosure of contracting data and capacity building. It can improve financial management of public investments in infrastructure, which are estimated to be $57 trillion globally between 2013-2030. In Afghanistan, an integrity monitoring partner oversaw 281 infrastructure projects, achieving an 83% fix rate for issues found through 845 monitors. Open contracting helps address challenges like fiduciary risk management, on-time delivery, and compliance with specifications.
mrozo@worldbank.org WHY FOCUS ON PUBLIC CONTRACTING? EFFECTIVE PUBLIC INVESTMENT AND FINANCIAL MANAGEMENT Open Contracting WHAT IS OPEN CONTRACTING? OPEN CONTRACTING PARTNERSHIP Global Efforts Global Principles Open Data Standard Evidence Base Communications and advocacy Knowledge Exchange FEATURES AT COUNTRY LEVEL Multi-stake holder collaboration Constructive Engagement Disclosure of contracting data Capacity Building Monitoring and Reporting Institutional Mechanisms for Feedback How can Open Contracting improve financial management of public investment? 57 TRILLION* dollars of Public Investment in Infrastructure between
2013-2030
*Estimate by McKinsey 16.6 TRILLION IN ROADS PUBLIC INVESTMENT IN INFRASTRUCTURE AFGHANISTAN Through our partner Integrity Action Integrity Watch Afghanistan 281 Monitored Infrastructure Projects 83% fix rate 845 monitors Vital road in the Herat Province that connects Herat to Iran and serves 35.000 people. - Before: Extremely bad quality and none compliance - After: Road being rebuilt according to terms of contract Open Contracting help face challenges like Fiduciary risk management Keeping within budget On-time delivery Compliance with specifications Beneficiaries satisfaction SOME ILLUSTRATIVE EXAMPLES mrozo@worldbank.org