Rigorous assessments on the costs of project design and feasibility studies during project preparation can help avoid design inconsistencies and scope changes. A more careful assessment in identifying all project components (e.g., surveys and studies) and procurement costs (e.g., civil works and consultancy services), including appropriate cost contingencies, are crucial in ensuring that project expenditures are consistent with the financial plans, budget, and project activities. Also, inadequate assessment on financial and technical design details creates complexity during project implementation. It often results in project being taken to procurement without the requisite readiness, which leads to cost and time overruns during implementation.
Padma Multipurpose Bridge Design Project