Strategic Procurement Systems - PDF

   

Added on  2021-06-18

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Running head: STRATEGIC PROCUREMENT SYSTEMStrategic procurement systemName of the Students:Name of the Universities:Author’s note:
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1SRATEGIC CONSTRUCTION PROCUREMENTExecutive SummaryThis report focuses on strategic construction procurement. This study sheds light on the variouskinds of procurement such as traditional method, design and build procurement system,management contracting procurement system as well as private financing initiatives. This studyalso studies the implementation process of the procurement systems. In this particular study,various factors influencing construction procurement system are highlighted here. Apart fromthis, merits and demerits of different procurement systems are explained in a precise way.Therefore, it can be stated that the success of a construction project lies on its strategicprocurement.
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2SRATEGIC CONSTRUCTION PROCUREMENTTable of ContentsIntroduction...............................................................................................................8Discussion..................................................................................................................8Types of procurement systems in construction project...............................................................8Process of implementation of procurement systems in construction project............................12Variants influencing procurement strategy in construction......................................................14Advantages and disadvantages of procurement systems...........................................................14Conclusion...............................................................................................................18References...............................................................................................................19
Strategic Procurement Systems - PDF_3
3SRATEGIC CONSTRUCTION PROCUREMENTIntroduction Procurement is considered as an integral part of any business. According to Kotulaet al.(2015), procurement strategy refers to the acquisition of materials, supplies and services, whichan organization or a project needs for operating successfully. In this particular study, differenttypes of systems in construction project are explained in this particular study. The process ofimplementation are highlighted in this particular study. Apart from this, this study will shed lighton advantages as well as disadvantages of procurement systems.Discussion Types of procurement systems in construction projectIt has been noticed that there are mainly five kinds of procurement systems are generallypracticed in a construction project. These are traditional method, design and build, joint ventureor partnership, management contracting and public financing initiative (PFI).Traditional methodIn case of traditional method, the duty of the contractor is to build the design, which hasbeen offered to them by the client. It has been noticed that contractor or the engineer design aswell as manages the entire contract. In this context, it can be stated that the client’sresponsibility is to control the finance as well as operations carried out in the project by thecontractor. In accordance with the opinion of Ruparathn and Hewage (2015), this kind ofprocurement system is mainly used in the huge projects. Traditional method is also used incomplex projects. In other words, the client appoints the architect for finishing the design. This
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