Procurement Methods: Assignment
Added on 2019-10-18
14 Pages2554 Words469 Views
PROCUREMENTMETHODSAssessmentName:Submitted to:Date:
Executive Summary There are a plethora of methods so as to procure a building project that is available in the market and fulfill the needs of the clients. It is a daunting task to decide the method to be used for the project according to the objectives and priorities of the client which are improve the projected likelihood that is being procured successfully. It is imperative to make the decision as early as possible, and it must be underpinned by the business case of the client and his project. Further, the client must be provided with the insights of the risks and the effects of the procurement method on the project.This report provides an insight to the procurement method to be adopted by the client and outlines the various means which can help in obtaining the objectives of the projects related to the procurement method. A clear understand towards the characteristics of various procurement methods have been provided in the report. The procurement methods provided in the traditional, design and construct and management. Further the report discusses the advantages and disadvantages of each method. 1
Table of ContentsExecutive Summary.........................................................................................................................2Introduction......................................................................................................................................4Discussion........................................................................................................................................6A.Traditional Procurement...................................................................................................6Advantages and disadvantages................................................................................................7B. Design and Construct Procurement.........................................................................................8Advantages and disadvantages................................................................................................9C.Construction Management Procurement.........................................................................10Advantages and disadvantages..............................................................................................11References......................................................................................................................................142
IntroductionA procurement system is also known as the delivery system and can be defined as an organizational system which is responsible for assigning authorities and responsibilities to the people as well as the organization. The procurement system helps in defining the various elements present in the project construction (Love et al. 1998:p.222). The procurement systems are classified as Traditional, Design and construct, Management and Collaborative. These systems have been sub-classified but these sub-divisions are seen to proliferate as per the market demands. It has been stated by Holt et al. (2000), many variables are presented to each of the adopted procurement strategies. For instance, about eight variants of the design, as well as construct systems, have been identified in the procurement guidelines of the NSW Government (2005). There are a variety of commonly adopted contract methods and the procurement systems which have been discussed below. This report discusses the first three procurement systems namely Traditional, Design and construct and Construction Management. The report provides a detailed description of the various characteristics and the conditions for using these procurement systems. The paper further discusses the various risks associated with the procurement system and the client will be affected by all the discussed methods. A figure provided below provides insight on how the client will be affected and the speculative risks for the client and the contractor for a particular procurement method.3
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