This outcome recognises that there is low VfM across all public procurements, but that the greatest impact with limited resources can be achieved by focusing reform efforts on the largest, most complex procurements. The intervention approach for large, complex projects focuses on enhancing the legal and regulatory framework, local content policy and introducing techniques and processes to strengthen the independence and quality of large procurements.

This will be complemented by reforms under Objective 4 (Accountability systems), which will support the roll out of e-Procurement and developing professional training programmes for procurement cadres. In order to support compliance with procurement systems, reform activities will also focus on developing a professional training programme for procurement cadres. Training under this outcome will be limited to central government, with further support provided to Local Government under Objective 5 (Local Government PFM).

• Key interventions (outputs) include:
  1. Public Asset and Investment Management policy to provide overall policy guidance on assets and public investments. The formulation of a PIM legal and regulatory framework shall be guided by this policy. This also includes development of guidelines on asset operation and maintenance;
  2. Develop guidelines on Governance of state owned enterprises (SOEs). Including reporting mechanisms e.g. website with a published list of SOEs, information on the assets, income, and number of employees;
  3. Policy for management of G.O.U financial assets developed for management of GoU financial assets. Includes design and pilot the IFMS inventory management module in selected MDAs and LGs
  4. Non-current assets policy operationalised. Including implementation of road map for accrual accounting based on identified priorities
  5. Develop a government asset Management Policy framework. This will guide improved recording, accounting and reporting of government assets in line with the PFMA and accounting standards; and,
  6. Develop guidelines on asset operation and maintenance. Includes extension of IFMS functionality for asset & inventory management for all MDALGs.

Key interventions (outputs) include:

• 1. Policy requirement for DC and Sectors to consider project evaluation reports. This will be monitored through PEMCOM;
  2. Harmonize standards and guidelines of public investment management for quality control, greater tracking, and monitoring of results. A shared understanding is needed across institutions related to identification, appraisal, implementation, evaluation of projects. This will include guidelines on independent end term evaluations to allow for more effective and continuous monitoring, data collection, and effective evaluation;
  3. Regular performance review and reporting of public projects and PPPs. Especially for investments in the selected frontline service delivery sectors.
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