CoST board report and financial statement, 2017
Briefing note 4: Disclosure

Briefing note 4: Disclosure

CoST- The Infrastructure Transparency Initiative is a multinational effort to explore how public construction projects could be made more transparent and accountable, reducing the mismanagement, waste, and corruption that are common in the sector. Governments, affected stakeholders, and the wider public all stand to benefit.

At the core of CoST is the public disclosure by procuring entities of key information throughout the construction project cycle. An assurance team appointed by the MSG verifies the information disclosed, highlighting any ‘causes for concern’. Access to this information should enable stakeholders in government, the private sector, and civil society to hold the procuring entity accountable for its performance and expenditure in delivering the project. In turn, this enhanced accountability is expected to result in improved efficiency and effectiveness in the delivery of infrastructure. This note explains the disclosure challenge facing CoST,the process of disclosure, what was actually disclosed during the pilot, the platforms used for disclosure, and the impact of disclosure to date.

This is the fourth in a series of briefing notes on CoST, its core features and impact.