TABLE OF CONTENTS

FOREWORD 7

SECTION 1: SCOPE AND COVERAGE 8

THE BENEFITS OF PUBLIC INVESTMENT MANAGEMENT 8

COMPREHENSIVENESS 8

ACCESSIBLE 8

PRACTICAL 8

SUPPORTS COORDINATION 8

KEY FEATURES OF PUBLIC INVESTMENT MANAGEMENT 8

PLANNING INVESTMENT 8

ALLOCATING INVESTMENT TO THE RIGHT SECTORS 8

IMPLEMENTING INVESTMENT 8

CROSS-CUTTING ENABLING FACTORS 8

THE PURPOSE OF THE PIM GUIDELINES 9

SECTION 2: INSTITUTIONAL FRAMEWORK 11

ROLES AND RESPONSIBILITIES OF KEY STAKEHOLDERS 11

CONTRACTING AUTHORITY 11

LINE MINISTRY 12

MINISTRY OF PLANNING 13

COUNCIL OF MINISTERS 14

PARLIAMENT 14

SECTION 3: THE PUBLIC INVESTMENT MANAGEMENT SYSTEM (8 STAGES OF PIM) 15

STAGE 1: PROJECT CONCEPT NOTE (PCN) 19

PROJECT CONCEPT NOTE FORM 19

GUIDANCE (PROJECT CONCEPT NOTE AND PRELIMINARY SCREENING) 21

DECISIONS ON PROJECT CONCEPT NOTES 23

STAGE 2: PRE-FEASIBILITY STUDY (PFS) 25

PRE-FEASIBILITY STUDY FORM 25

GUIDANCE ON PRE-FEASIBILITY STUDY FORM 27

DECISIONS ON PRE-FEASIBILITY STUDIES28

STAGE 3: FEASIBILITY STUDY (FS) 30

FEASIBILITY STUDY FORM 30

GUIDANCE ON FEASIBILITY STUDY FORM 32

DECISIONS ON FEASIBILITY STUDIES 33

STAGE 4: PROJECT SELECTION AND CAPITAL INVESTMENT BUDGETING 35

CURRENT PROJECT SELECTION PROCESS 36

PROJECT CALENDAR 36

STAGE 5: IMPLEMENTATION 39

IMPLEMENTATION 39

PROGRAM OF WORKS 39

PROJECT COST VARIATIONS (VARIATION ORDERS) 40

CONTRACT PERFORMANCE MEASURES 40

STAGE 6: ADJUSTMENT (MONITORING, REPORTING, AND ACCOUNTABILITY) 41

MONITORING 41

PROJECT COST VARIATIONS & ADJUSTMENTS 42

CONTRACT PERFORMANCE MEASURES 42

STAGE 7: OPERATION (ASSET REGISTRY AND MANAGEMENT) 43

ASSET REGISTRY 44

MAINTENANCE 44

STAGE 8: EVALUATION (FINAL STAGE) 45

EX-POST EVALUATION GUIDANCE 45

EX-POST EVALUATION: METHODOLOGIES AND TOOLS 46

APPENDIX A: GUIDANCE ON MONITORING AND EVALUATION FRAMEWORK 52

APPENDIX B: BUDGET CALL CIRCULAR FOR NEW PROJECTS (CURRENT), MOP 60

APPENDIX C: BUDGET CALL CIRCULAR (BCC) FOR ON-GOING PROJECTS (CURRENT), MINISTRY OF
PLANNING 64

APPENDIX D: VARIATION ORDER FORM (CURRENT), 68

APPENDIX E: PRICED BILL OF QUANTITIES, DIRECTORATE OF PUBLIC CONTRACTS, MINISTRY OF
PLANNING 69

APPENDIX F: PROJECT FOLLOW-UP FORM (CURRENT), 70

APPENDIX G: INFORMATION FORM FOR JOINT VENTURE MEMBERS 73

ACRONYMS 74

GLOSSARY OF TERMS 76