The Caribbean Community Climate Change Centre (CCCCC) contracted K&M, with funding from The World Bank, to structure and provide support on procuring a modernization contract (MC) for the Barbados Water Authority (BWA). In this assignment, K&M: (i) reviewed, refined, and finalized the Terms of Reference (TORs) for the MC to ensure alignment with World Bank standards, BWA operational requirements, and regional water sector reform priorities; (ii) engaged closely with BWA management and staff to ensure broad-based buy-in and technical validation of the MC framework; (iii) is conducting market sounding to identify qualified potential contractors, assess market capacity and interest, and identify potential implementation challenges and opportunities; (iv) is developing a comprehensive contract structure incorporating performance-based elements, KPIs, risk allocation mechanisms, and governance frameworks that incentivize results and accountability; and (v) will provide technical advisory support to BWA’s procurement team in the preparation of bidding documents that comply with the relevant procurement guidelines and attract qualified bidders. 1535

The Inter-American Investment Corporation (IDB Invest) contracted K&M to make recommendations for improving the operating and financial performance of BWA. As part of this assignment, K&M carried out a review of the historic operating and financial performance of BWA, developed a financial model to project BWA’s financial and operating from 2026 to 2040, and made specific recommendations to BWA and the Government of Barbados related to BWA’s financial strategy and its tariff regime. K&M has worked closely with BWA, the Government of Barbados, and IDB Invest during this assignment. In this assignment K&M is responsible for: (i) carrying out an assessment of BWA’s historical operating and financial performance; (ii) developing a financial model for BWA; and (iii) providing advice on BWA’s financial strategy and tariff regime.