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Petter Matthews
Executive Director, CoST International Secretariat
International Symposium on the Governance of Infrastructure
Session 3: Transparency & Integrity
29 February 2016, OECD Paris
@CoSTransparency
Structure
1. What is the problem?
2. What is CoST’s response?
3. How does it do this?
4. Examples of impact.
@CoSTransparency
What is the problem?
“Corruption occurs in the shadows, the great
thing about CoST is it shines a light on the dark
areas and illuminates them”
Value global construction likely
to be $15.5 trillion by 2030 Potential savings of $5 trillion
annually
Estimated that 10-30% lost
through corruption
Geoff French, Past President of Institution of
Civil Engineers (ICE) &
International Federation of
Consulting Engineers (FIDIC)
@CoSTransparency
What is CoST’s response?
CoST drives better value from public infrastructure investment
CoST increases transparency & accountability
CoST is a global standard
CoST changes lives CoST is an essential catalyst
for change
@CoSTransparency
Better value for money and better quality infrastructure
Informed citizens and responsive public institutions work together
Multi-stakeholder initiative, promoting disclosure
How does CoST do this?
Start: Corruption and mismanagement
End: Increased quality of life for citizens
@CoSTransparency
Examples of impact Rehabilitation of the Belize Bridge, Guatemala
CoST identified that an invalid procurement process had been followed. Further
investigations determined that the planned work was also unnecessary. The
project was eventually cancelled saving $4.5 million of public money.
Improvements to M40 Junction 15, United Kingdom
CoST identified delays caused by a utility company undertaking maintenance and
preventing site access. The contractor claimed $6.4 million in compensation. The
Highways Agency was encouraged to introduce new measures to ensure better
coordination of site access.
Gindeber to Gobensa Road Upgrade, Ethiopia
The CoST Assurance Team questioned the quantity of earthworks allowed for at the
design stage. The Road Agency reviewed the design and determined there was a
vast overestimate. Design team fired and debarred from future contracts. Cost saving
approximately $3.8 million.
www.constructiontransparency.org
CoST International
@CoSTransparency
Construction Sector Transparency Initiative (CoST)
Construction Sector Transparency Initiative (CoST)