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4. Contract performance
4.1 IBRD and IDA contract performance guidelines
Although they are entitled "directives concerning the awarding of contracts", the directives adopted by the IBRD and IDA devote a number of developments to their conditions of execution.
Firstly, it states (art. 2.38) that the contract documents must clearly indicate the scope of the work to be carried out and "the functions and powers of the consulting engineer, architect or delegated project manager with regard to the supervision and monitoring of the performance of the contract".
In particular, :
works contracts must provide, "where applicable, for start-up advances, advances for the contractor's equipment or materials, payment by instalments,...
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Regulations
Directives Passation des Marchés Financés par les Prêts de la BIRD et les Crédits de l'AID, World Bank, January 2011 (World Bank website).
Procurement policy and rules for projects financed by the European Bank for Reconstruction and Development, revised May 2010 (EBRD website).
Cotonou Agreement of June 23, 2000 (Official Journal of the European Communities No. L 317 of 15.12.2000)....
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