Launched by DFID in 2008 as a three-year pilot initiative that has since been scaled, the country-centred, multi-stakeholder Construction Sector Transparency Initiative (CoST) promotes transparency and accountability in publicly financed construction.
Strengthening transparency and accountability in public construction yields benefits both domestic and international. It curbs mismanagement, waste, and corruption and reduces risks to public safety from poor building practices.
It improves fairness in competition for contracts and can also increase the flow of foreign direct investment and development finance into a country’s construction sector.
The current programme was launched in 2012 and has been supported by grants from the World Bank and the Dutch Government. As of 2015, CoST is active in 15 countries: Afghanistan, Botswana, El Salvador, Ethiopia, Honduras, Guatemala, Malawi, Philippines, Tanzania, Thailand, Uganda, Ukraine, United Kingdom, Vietnam and Zambia.
IMC Worldwide has been commissioned by the CoST International Secretariat in London to undertake a Strategic Review of the CoST Initiative.
The assignment comprises a fundamental review of all key aspects of the CoST programme, including its vision, delivery model, governance arrangements, financing, partnerships and sustainability.
A three-person team is carrying out the assignment.
Strategic review of the CoST initiative
UK Department for International Development (DFID)
December 18, 2016