By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: World Bank partners association on best practices in contract management
Share
Sign In
Notification Show More
Latest News
Anambra 2025: Quash your Anambra dream, Markets leader advices APC faithful
News Politics
Nigeria Education Group Subcommittees Unveil Major Reforms to Revamp Education Sector
News
COREN, ICRC partner to enforce engineering regulations in PPP projects
Business Infrastructure News
NCAA Sanctions Kenya Airways Over Consumer Protection Violations
Aviation Business News Travel/Leisure
NCDMB Promotes Obinna Ezeobi PhD Ag. GM Corporate Communication
Business Media News Oil & Gas
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > World Bank partners association on best practices in contract management
BusinessNews

World Bank partners association on best practices in contract management

Publisher
By Publisher Published April 25, 2024
Share
4 Min Read
SHARE

The World Bank is partnering with the Association for Consulting Engineering in Nigeria (ACEN) School of Consulting Engineering (ASCE) on training workshop specifically tailored for project implementation units (PIUs) of World Bank-funded projects in Nigeria and parts of West Africa.

The training workshop is designed to equip participants on best practices in contract management and cultivate expertise among professionals engaged in international development projects across Nigeria and some parts of West Africa.

The partnership underscored the joint commitment of the World Bank and Association for Consulting Engineering in Nigeria, ACEN to enhance learning and development strategies, particularly within procurement and contract management, in the context of projects funded within the West Africa Region.

- Advertisement -
Ad image

At the training workshop in Abuja on Wednesday, the President of ACEN, Engr. Kam-Selem Bukar, said the training would afford government’s MDAs to do the right thing when it comes to awarding of contracts.

“ACEN is a member of association and this members of association is in different country of the world, in over 100 countries representing over 1.6 million engineers, we have a global body which is called Federation of Engineering Company Consultant (FIDIC).

” They are the real owners and authors of this document. This is a highly technical and specialised documents which need to be trained on and guided upon.

“From time to time, the players in the industry need to be checking through and normally, it is updated from time to time, the latest one we have now is 2017 version, we had 1999 version.

“Players in this industry needs to be trained on them and updated on it. We normally partner with stakeholders in the industry to bring to light and train them on the use of this document,” he said.

He added that the workshop would help participants on ways to deliver on global best practices as well as good business ethics in the industry.

“We must get in all aspects of our life best value for money and if we are not very well equiped with our tools, this is one of the tool when you’re in the industry as a key player or stakeholder.

“For instance a lot of money has been spent in terms of procurement and constructions, so different parties will come into agreement in the execution from inception of procurement to implemention and then completion of the project before going into contracts.

” So, if people are well informed and these documents are well used, that means we will get best value for money. Also for the professional, it’s all about the golden principles and it’s all about win-win situation where opportunities are rated, we stand to benefit so much.

“And then the capacity of key industry players will be built and they will be able to deliver on global best practices and also good business ethics,” he added

He, further said the collaborative initiatives would help to strengthen procurement and contract management practices and foster sustainable infrastructure development.

The training which focused on ‘Contract Management of the FIDIC 2017 Red Book with Highlights of its 1999 First Edition’ is designed to equip about 40 staff members with essential skills.

Also pooling their resources and expertise, the organisations aim to bolster capacity-building efforts vital for the successful implementation of these projects.

Participants for the programme are drawn from Nigeria, The Gambia and English-speaking Cameroon.

Like this:

Like Loading...

Related

You Might Also Like

Anambra 2025: Quash your Anambra dream, Markets leader advices APC faithful

Nigeria Education Group Subcommittees Unveil Major Reforms to Revamp Education Sector

COREN, ICRC partner to enforce engineering regulations in PPP projects

NCAA Sanctions Kenya Airways Over Consumer Protection Violations

NCDMB Promotes Obinna Ezeobi PhD Ag. GM Corporate Communication

TAGGED: World Bank

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher April 25, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Nigerians can now access N100bn consumer credit till May 14 – Tinubu
Next Article FG upgrades infrastructures, laboratories in 50 schools
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Anambra 2025: Quash your Anambra dream, Markets leader advices APC faithful
News Politics May 9, 2025
Nigeria Education Group Subcommittees Unveil Major Reforms to Revamp Education Sector
News May 9, 2025
COREN, ICRC partner to enforce engineering regulations in PPP projects
Business Infrastructure News May 9, 2025
NCAA Sanctions Kenya Airways Over Consumer Protection Violations
Aviation Business News Travel/Leisure May 9, 2025

You Might also Like

NewsPolitics

Anambra 2025: Quash your Anambra dream, Markets leader advices APC faithful

May 9, 2025
News

Nigeria Education Group Subcommittees Unveil Major Reforms to Revamp Education Sector

May 9, 2025
BusinessInfrastructureNews

COREN, ICRC partner to enforce engineering regulations in PPP projects

May 9, 2025
AviationBusinessNewsTravel/Leisure

NCAA Sanctions Kenya Airways Over Consumer Protection Violations

May 9, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d