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CoST Launch Report

CoST Rules November 2008 

News Brief


 

CoST is an International Multi-Stakeholder Initiative, involving Public and Private Sectors as well as Civil Societies, designed to increase transparency and accountability in the construction sector.

CoST is supported by the Department for International Development (DFID) and the World Bank and piloted in seven countries.

CoST International Pilot Launch took place in Dar Es Salaam, Tanzania, on May 2008. Since then, there are seven countries piloting the project for two years which are Ethiopia, Malawi, Philippines, Tanzania, United Kingdom, Vietnam , Zambia.

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CoST’s aim is to enhance the accountability of procuring bodies and construction companies, focusing on the cost and quality of public-sector construction projects. The core concept is to ‘get what you pay for’. The ‘you’ being national governments, affected stakeholders and to the wider public. The main emphasis of CoST is on the period between contract award and the final build.

Since 2000, Tanzania's real GDP has grown at an annual rate of about 6.3 percent, with the construction industry a major contributor to this growth. Construction contributes around TSh 740 billion (£300 million) or about 5.6% to the GDP of TSh13, 000 billion or £5.2b. The Ministry of Infrastructure & Development is the main government body dealing with infrastructure together with the Prime Minister's Office for Regional and Local Government. [More...]

 

PPRA and CoST agree to enhance transparency and accountability in construction sector

 

 

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