On April 24, 2020, World Bank (WB) has joined hands with AIMA (All India Management Association), one of the most renowned business schools in India, to organize a virtual workshop called “The Contract Management during Emergency situations” with the aim to create awareness about the likely impact of the coronavirus (COVID -19) pandemic on the implementation of the bank-funded projects.Key Points:
i.The world bank in 2015 has funded $ 250 Million to Jhelum Tawi Flood Recovery Project (JTFRP) in the union territory of the Jammu and Kashmir (J&K).The Project Management Unit is currently executing this project.
ii.The workshop saw the discussion over the role of Dispute Resolution Boards and Arbitrators in case of the disagreement between the parties & provisions in Indian legal system for interpreting contractual provisions provided under sections 32 & 56 of the Indian Contract Act, 1872, FIDIC Red Book (1999) (2017) for the project.
iii.It was attended by Dr. Ajit Patwardhan, contract management expert, Director Planning and Coordination, JTFRP and other senior officers of JTFRP and over 350 other participants from different executing agencies across the country.
About World Bank:
Headquarters– Washington D.C., U.S.
Motto– Working for a World Free of Poverty
President– David Malpass
All India Management Association (AIMA):
Headquarters– New Delhi