Introduction to Contracts and Procurement | Report

Running head: INTRODUCTION TO CONTRACTS AND PROCUREMENT
INTRODUCTION TO CONTRACTS AND PROCUREMENT
Name of the Project:
Name of the University:
Author’s Note:

INTRODUCTION TO CONTRACTS AND PROCUREMENT
1
Response to “Alexandra Nazareth Saraiva”
The writer would mention that they accept apparently, and collective applies while
obtaining resources. Initially, transparency has a vital role in the “globalized procurement
management” procedure since nations are becoming substantial contractors in the globalized
market. It must accept transparency into their PM procedure. Procurement is the procedure of
agreeing and finding to terms, and obtaining properties, facilities, or mechanisms from an
outward resource, frequently through a presenting or reasonable bidding procedure. Procurement
usually involves constructing buying judgments under situations of insufficiency. The writer
mention strategy may support the supply chain; meanwhile, it tends to turn off the bid-rigging in
the market. Accordingly, the profits of this plan are the growing possibility of choosing
dependable servicers and procuring products and facilities that fulfill budget expectations and
quality (de Araújo et al., 2017). This writer efficiently describes that Procurement executives are
more expected to discuss complex agreements regarding numerous suppliers in order to balance
increases and losses between entire involved parts.
The word collaboration, it looks to be swapping the old procurement method in the
worldwide market, where one portion is more profited than another. It permits project groups to
cooperate across corporate, departmental, and general limitations and to principal rising project
difficulty. The writer also says the collaboration was delivering an optimistic and efficient
atmosphere for team associates to interrelate in translates to more established business and robust
workflow (Rendon & Rendon, 2015). Conversely, finding this transparency from probable
contractors may suggest directly on the obtaining executives because they must not only
implement the procurement management consequently to the project requirements and standards,
but they want to arrange their groups to act correctly.