3.14 Project Procurement Roadmap

The overall Timeline for the Project from financial close to construction completion should also be formulated, as outlined in the sample table below:

Figure 18: Illustrative example of a Project Procurement Roadmap

The proposed evaluation procedures for both the procurement and post-procurement phases should also be set in this section, in addition to the outlining of the key risks and challenges to the procurement Timeline along with proposed mitigation strategies.

For instance, on a typical project, there is a risk that there is no precedent for this sort of procurement in Dubai, specifically - which can be mitigated by regional and international benchmarking. Similarly, on every project, there is always a risk present that there is a lack of Bidders or that the bids they do submit are not of a sufficient quality. This can be mitigated by using the market sounding process effectively, providing clear information, carrying out a robust procurement exercise with well-defined Risk Allocation, adhering to the established timetable, committing to confidentiality, and ensuring good information management and transparency, which reassures Bidders and the market that the Government Entity is committed to procuring the Project.