Due diligence

Adequate due diligence at project preparation can help prevent or minimize contract variations and implementation delays.

Complex programs, especially novel ones, demand rigorous front-end analyses at appraisal to identify better implementation arrangements and timelines

Inadequate due diligence can lead to design deficiencies that will make implementation difficult and necessitate changes in scope and detailed designs, with accompanying impacts on project duration, costs, and delivery of results.

ADB’s due diligence should build on the EA’s pre-feasibility study and refer to the local and international market rates to arrive at more reliable cost estimates.