Construction Procurement Methods: A Comparative Analysis Report

This report provides a comprehensive analysis of construction procurement methods, examining both conventional and modern approaches. It delves into the traditional procurement method, specifically the traditional route, highlighting its characteristics, advantages, and disadvantages, as well as its impact on stakeholders. The report then explores modern procurement methods, including management contracting procurement, construction management procurement, and the design-build procurement method. Each method is thoroughly examined, detailing its characteristics, advantages, disadvantages, and the benefits and limitations it presents to stakeholders. The report includes a comparative chart to illustrate the similarities and differences between the construction methods. Finally, the report offers recommendations on the suitability of different procurement methods for various project types, providing valuable insights for potential owner/developers, and concludes by synthesizing the key findings and implications of the analysis.