This study mainly explores the strengths and weaknesses of ADB procurement regulations 2017 and PPR, 2008 followed by some recommendation. This comparison is done by reviewing the ADB Procurement Regulations 2017 and PPR, 2008. The PPR, 2008 delineates provisions of procurement plan, preparation of tender or proposal, committee, principles of public procurement, tender validity and security, specifications, standard, brand names, approval process, notification of award, contract administration and management, records and audit, joint venture, conflict of interest, complaint and appeal procedure, methods of procurement for goods and related services, works, physical services, processing of procurement, professional misconduct, e-Government procurement. The main spirit of PPR, 2008 are transparency, accountability, equity, fairness and open competition for ensuring value for money by using public fund.There are some strengths and weaknesses in some specific cases of regulations as well. Strengths in ADB procurement regulations include performance based procurement, bonus for performance, community based procurement, encouraging joint venture, procurement plan, pre-qualification, non-compliance, misconduct, settlement of dispute and so on. Using the strengths of ADB procurement regulations, the borrower can achieve the speedy procurement, fairness competition, accountability and value for money. The main weaknesses are absence of sustainable procurement, supply chain issues, whole life cycle cost, sustainability, strategic partnership with supplier and contractors, disposal policy and so on. The guidance in the ADB regulations and PPR, 2008 conform to some aspects and differ in others. Because of weaknesses in both guidelines and rules, sustainability and social aspects are compromised in public procurement which hampers long-term value for money. This paper explores the gaps of internationally accepted procurement standards and practices in PPR of Bangladesh and emphasizes improvement of regulatory framework by fostering strengths of both guidelines and rules in context of Bangladesh.
Keywords: Management, Procurement Planning, Proposal, Regulation, Tender, validity
