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Methods of Procurement in Construction

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Added on  2020-03-23

Methods of Procurement in Construction

   Added on 2020-03-23

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Methods of Procurement in Construction Projects1METHODS OF PROCUREMENT IN CONSTRUCTION PROJECTS By NameCourseInstructorInstitutionLocationDate
Methods of Procurement in Construction_1
Methods of Procurement in Construction Projects2Executive summary To procure generally means to acquire something or a commodity especially through effort. Inthe construction field, procurement refers to the processes involved in obtaining a commoditywhich has different approaches or methods. Procurement methods for construction projects existof different types or methods. It consists of a set of procedures applied by the procuring agencyto obtain materials and services for a construction project. These methods can either becompetitive or non-competitive[CITATION Bri111 \p 553 \l 1033 ]. It is always advantageous to employ competitive methods of procurement as they offer andpromote transparency, economy and efficiency and same time limits favouritism. Theprocurement methods all have negative and positive aspects besides each encouraging or limitingthe choice to be implemented in a given construction project. The desired method should containminimum and limited limitations and focus majorly on the benefits to clients, consultants,builders and end users as a whole. This would eventually ensure the success of the proposedconstruction project[CITATION Joh091 \p 543 \l 1033 ].
Methods of Procurement in Construction_2
Methods of Procurement in Construction Projects3Table of contents 1.0 Title page ....................................................................................................12.0 Executive summary.........................................................................................23.0 Introduction..................................................................................................44.0 results and findings.........................................................................................44.1 open tendering.....................................................................................54.1.1 Advantages of open tendering........................................................54.1.2 Disadvantages of open tendering ...................................................64.2 restricted tendering ................................................................................64.2.1 Advantages of restricted tendering ..................................................84.2.2 Disadvantages of restricted tendering ...............................................84.3 Request for proposal tendering method..........................................................104.3.1 Advantages of request for proposals .................................................11 4.3.2 Disadvantages of request for proposals..............................................125.0 analysis and Recommendation ...............................................................................126.0 Conclusion............................................................................................137.0 References............................................................................................. 14
Methods of Procurement in Construction_3
Methods of Procurement in Construction Projects4IntroductionWhen a project is dreamt about by a developer or a client, the client puts in an effort towardsachieving and actualizing it.in addition to funding and provision of land for the project, the clientmight not have the required skills to make real the dream. He/she has to seek the services of theskilled personnel to actualize the plan. The duty of designing his plan and its continuousconstruction are open to various methods hence need to select the most suitable method for theproject leading the demand for a professional advice[CITATION Mai08 \p 775 \l 1033 ]. Various methods of procurement are often employed at different and specific stages ofprocurement to maximize efficiency. Advantages and limitations of each method should highlybe considered in the process of deciding which method of procurement best suit the constructionproject. Eventually, most reliable and cost-effective method to client and bidder should beadopted. In addition, objectives of the construction project, both short and long-term goals,should be considered during the entire process as it forms the entire basis of decision-making.Modern methods of procurement are always given first priority since they contain limited andopen procedures of procurement[CITATION Abd14 \p 526 \l 1033 ].Results and Findings There are various method for procurement in construction including;Single source tenderingRequest for proposalsOpen tenderingRestricted tenderingRequest for quotations
Methods of Procurement in Construction_4

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