Engagement of consultants

Selection and engagement of consultants

The use of consultants is a large and important part of the activities of the EBRD and its clients. In this, the Bank is expected to exercise due diligence to ensure transparency in procurement, economic use of resources and high quality of output from the consultants.

The Bank has various sources to finance consultancy services, namely the Bank’s consultancy budget, technical co-operation funds managed by the Bank, and loan proceeds. Selection and engagement of consultants from loan proceeds is the direct responsibility of the EBRD’s borrowers. However, the Bank and its clients often require consultancy services in the course of preparation of investment projects or their implementation.

Selection process summary

The process for engagement of consultants involves the following steps:

1. Based on the underlying needs and objectives, preparing terms of reference (TORs), an estimated budget for the proposed assignment and determining the selection procedure to be followed
2. Identifying consultants that are qualified to perform the required services and preparing a short list of qualified firms
3. Inviting proposals from the short-listed firms
4. Evaluating and comparing capabilities and proposals and selecting the preferred consultants
5. Negotiating a contract with the selected consultant
6. Contract administration

For smaller amounts and for engagement of individuals, simpler procedures are followed for efficiency reasons.

IT security policy

This policy describes the principles underlying the Bank’s IT Security Policy and summarises the main responsibilities and obligations associated with the policy. All consultants contracted by the Bank are required to read and agree to the conditions.

Full policy  (0.1Mb)