Although transaction costs (TCs) that affect the total project costs are a common phenomenon in the Pakistani construction industry, the causes that escalate the TCs are ambiguous, and public sector organizations are unable to manage these causes efficiently. To investigate the causes of...

Although transaction costs (TCs) that affect the total project costs are a common phenomenon in the Pakistani construction industry, the causes that escalate the TCs are ambiguous, and public sector organizations are unable to manage these causes efficiently. To investigate the causes of...

The Office of Anticorruption and Integrity (OAI) helps the Asian Development Bank (ADB) ensure that development funds entrusted to it are not misused through fraud or corruption. This publication highlights OAI’s activities in 2013 such as investigating allegations of integrity violations;...

This publication explores the option of outsourcing the procurement function to specialized agencies. Through selected case studies, it discusses the various benefits and issues surrounding two major approaches, namely a market-based system and a centralized procurement agency model. In...

Mitigar las demoras en la implementación de los proyectos financiados por los Bancos Multilaterales de Desarrollo (BMD) es uno de los principales desafíos a los que frecuentemente se enfrentan estas instituciones. Cuando el progreso es inferior a lo previsto en los documentos de préstamo, los...

For most of projects, including major infrastructure enterprises a key success factor is an appropriately selected general contractor. In addition to technical and organizational criteria the assessment of its financial capacity is strongly important to provide liquidity to the cash flows of the...