Rationale
The process of moving from initial planning to implementation of large investments is complex and requires a range of different disciplines, experience and expertise. This includes legal, financial, procurement, contracting, negotiation, management and technical fields of expertise. This process – the process needed to take a project from conceptualisation, design, implementation and sustenance is often called ‘Transaction Management’. There is substantial evidence in the water and related sectors that investments stall at the point where these transactions are required because transaction management expertise is not available. It is highly specialised work which is often out-sourced in industrialised countries through contracts to private-sector firms under the management of the commissioning authority.
Activities
- Research into the most effective use of transaction management processes and creation of a knowledge base of international experience and case studies in water and related sectors
- Preparation of guidelines for preparing, procuring and managing outsourced Transaction Management contracts to countries, RECs or RBOs
- Develop pro-forma documentation for procuring and contracting Transaction Management service providers
- Provide support to partner governments to prepare Transaction Management Outsource contracts
- Transaction management related blockages and log-jams in large and medium water related infrastructure projects removed.
- Delivery of critical infrastructure accelerated, meeting the needs of water dependent growth sectors and addressing the needs to the poor.
- Increased development efficiency and value-for-money.
- Improved bankability of prospective infrastructure investments
Contribution to Programme Outcomes
- Transaction management related blockages and log-jams in large and medium water related infrastructure projects removed.
- Delivery of critical infrastructure accelerated, meeting the needs of water dependent growth sectors and addressing the needs to the poor.
- Increased development efficiency and value-for-money.
- Improved bankability of prospective infrastructure investments