Construction Procurement: Local, National and International Implications on Mega Infrastructure Projects

Construction Procurement

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
The local, national and international implications/impact on mega infrastructure project
procurement.................................................................................................................................3
outline proposal of an innovative procurement ecosystem of mega infrastructure projects in the
UK in pursuance of superior Value for Money (VfM)................................................................7
CONCLUSION................................................................................................................................7
REFRENCES...................................................................................................................................7
Books and Journal........................................................................................................................7

INTRODUCTION
The acquisition of a product or service is referred to as procurement. It is a method of
assigning procurement and build duty on a building project. When it is being built Maintaining
control over the acquisition process is critical work that involves various stakeholders, like site
and program managers, and can have a substantial impact on the result of any building project.
As a result, in the construction industry, precision, punctuality, and procurement integrity are
crucial. Mega infrastructure projects are large-scale, complicated undertakings that cost us
billions and take many months to conceive and construct. They are transformational, include
various public and private players, and have an influence on millions of people. This report will
going to analyse the local, national and international implications as well as impact on Mega
interest structure project procurement like sustainability, corruption, political issues, COVID-19
pandemic, carbon financing, Chinese financing and many more. Apart from this this report also
going to highlight and outline the proposal of an innovative procurement ecosystem of mega
structure project in the United Kingdom in context of superior value for money
MAIN BODY
The local, national and international implications/impact on mega infrastructure project
procurement.
Procurement is a crucial part of any construction project that must be completed before
any activity can begin. There are numerous strategies that can be used to create a secure
procedure that is free of exaggerated faults. Because building materials are costly to obtain,
following the proper technique could save the owner a significant amount of money. When
deciding which approach to use, there is a risk of combining the project manager's objectives
with what is available on the market. Before any procurement strategy can be appreciated, it
must first be thoroughly evaluated to understand the potential dangers associated with it. The
construction business has a significant impact on the global market. It accounts for around 9% of
the nation's gross Domestic Product. The method of procurement used by project owners has a
significant impact on the construction industry's numerous economic participants. Furthermore,
the building sector has an impact on the environment, as well as people's health and safety. Any
building project requires materials that meet the appropriate standards. The owners must