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Procurement Assignment 2022

Describe and analyze the positive and negative aspects of three different procurement methods for construction projects, including conventional and new methods. Consider the benefits and problems for various stakeholders and make recommendations for different types of projects.

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Added on  2022-10-19

Procurement Assignment 2022

Describe and analyze the positive and negative aspects of three different procurement methods for construction projects, including conventional and new methods. Consider the benefits and problems for various stakeholders and make recommendations for different types of projects.

   Added on 2022-10-19

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Table of Contents
Executive Summary................................................................................................... 2
Introduction................................................................................................................ 3
Traditional Procurement Method................................................................................4
Design and Build........................................................................................................ 5
Management Procurement......................................................................................... 6
Comparison of the Three Procurement Methods........................................................7
Recommendations...................................................................................................... 9
Conclusion................................................................................................................ 10
References............................................................................................................... 10
Procurement Assignment 2022_2
Procurement Assignment3
Executive Summary
Procurement is an essential component of any construction project. There are several
procurement methods, each with its unique characteristics, advantages, and disadvantages. This
paper discusses three procurement methods used in the construction industry. The traditional is
the conventional approach, while the build and design, and the management contracting are
among the modern procurement methods. The characteristics, advantages, and disadvantages of
these methods are explained. Also, the methods have been compared, and suggestions for the
suitable project for the techniques have been recommended. The author has no conflict of
interest for the views expressed.
Introduction
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Procurement Assignment4
The construction industry involves five essential functions, namely design, build,
operation, finance, and management. Procurement is a significant element in determining the
success of any construction project; hence, it is vital to understand the various procurement
methods in the industry (Mesa, Molenaar. and Alarcón, 2016). Procurement is the process of
purchasing goods and services. The procurement system identifies the tasks and responsibilities
of all the stakeholders in a project. There are several procurement methods in the construction
industry, each having its strengths and weaknesses. This essay discusses the traditional approach,
design, and builds method and management contracting method. Professionals in the
construction industry should have an understanding of the different procurement methods to give
guidance to clients.
Traditional Procurement Method
This is a conventional procurement method that has been used in the construction
industry for so long. In this method, the design process and construction are two separate entities.
The characteristics of this method include contractor appointment through competitive tendering;
the client has control over the design, a professional consultant is appointed by the client to
administer the contract and advice on stage payment, progress, and design. The construction cost
is usually known before construction, and the client pays it. In this method, building is the only
responsibility of the contractor while the consultant does the management and design works. The
client has the sole control of the finance and operation aspects of the project.
This procurement method has several advantages that have made it the most understood
and used in the construction industry. One of the benefits is that it ensures quality by contracting
out the built and taking control of the design. Also, because the design is completed before build
tenders are offered to contractors, the client knows what they are getting. However, this does not
Procurement Assignment 2022_4

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