Comparative Analysis of Procurement Routes for Construction Projects
VerifiedAdded on 2019/12/28
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Report
AI Summary
This report analyzes different procurement routes for construction projects, focusing on the Trad-Build factory scenario. It explores the challenges associated with traditional procurement methods, particularly the delays caused by multiple contractors and material procurement issues. The report advocates for the design-build procurement route, emphasizing its advantages in terms of speed, cost control, and risk management. It highlights how design-build streamlines the process by placing all responsibilities under a single contractor, ensuring efficient project execution. The report also discusses the benefits of this approach in terms of cost estimation and risk mitigation, and the importance of considering the procurement method's impact on project timelines and overall success. The report also mentions that design and build approach is best for the Trad-Build factory as it reduces the risk associated with the project and also ensures timely delivery of the projects.
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