Procurement Phase

The procurement phase, as the term is used in this Guide, commences with the publication of the procurement notice and ends with financial close, the point at which project activities (beginning with detailed design and construction) can start. It has been broken down for convenience into two stages: (i) the bidding process and (ii) the period from the selection of the preferred bidder to financial close. The chart below outlines the stages and steps in the procurement phase.

Phase 3 - Procurement - Overview