BUSM2083 Procurement Project Report: Golden Wattle Leisure

This report examines the Golden Wattle Leisure Pty project, which involves redeveloping a racecourse into a multi-faceted complex including an exhibition and conference center, a 120-bed hotel, and a casino. The report begins with an executive summary, followed by an introduction outlining the project's goals and objectives. It identifies and analyzes the key stakeholders involved, such as construction managers, local government, architects, engineers, and investors, detailing their responsibilities and roles in the project. The report then delves into potential procurement issues, including financial resources, cost management, risk assessment, and the ability to accommodate design changes. The success criteria are outlined, focusing on stakeholder satisfaction, project completion within budget and timeline, and maintaining high quality standards. The objectives of the project are discussed, emphasizing the importance of identifying and addressing procurement challenges while adhering to procurement principles like transparency and accountability. The report concludes by summarizing the key findings and emphasizing the importance of effective procurement strategies for successful project outcomes. The provided references support the findings.

Running Head: PROCUREMENT PROJECT
Procurement project
Name of the Student
Name of the University
Author Note

Executive summery
This report discusses about the Company called Golden Wattle that aims to redevelopment of a
racecourse into building that has the features of exhibition and conference center and a hotel of 120
beds and an attached casino. Also reconstruction of an existing stand. This report will discuss about all
the stakeholders associated with is construction of building, the success criteria in order to achieve the
desired outcome along with the procurement issues that may occur during the whole process of
construction.
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Table of Contents
Introduction......................................................................................................................................3
Associate Stakeholders....................................................................................................................3
Procurement Issues..........................................................................................................................6
Success Criteria...............................................................................................................................7
Objective of project.........................................................................................................................7
Conclusion.......................................................................................................................................8
Reference.........................................................................................................................................9
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Introduction
The Golden Wattle Leisure pty is a leisure group that has dynamic business products and still moving
forward towards more development. It has six racecourses where all racing fixtures takes place. They
are also famous for being the largest operator of horseracing in Victoria. The company is planning to
redevelop the racecourse in Hamilton in order to construct a five storey grandstand with features like
exhibition, and conference centres. Also a casino and 120 bed hotel will open for Regent Louis Stakes
meeting in August, 2021. Therefore, the Golden Wattle Leisure pty is looking for all the possible
procurement solution as well as budgets to implement in their developing business so that optimum
solutions can be generated in terms of performance of the business. The goal of this project is to
discuss all the stakeholders involved in the project, and the success criteria that led to the project
completion.
Associate Stakeholders
Stakeholders Responsibility
Construction Manager  Gives direction of the processing
involve in construction of the
building,
 Scheduling of the process.
 Allocating works to the labours.
 Monitoring offsite and onsite works.
 Keeping track of all the works.
 Maintenance of safety at the
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construction site.
Local government  Enforcement of laws related to
building construction.
 Approving of building plan.
 Maintenance of surrounding facilities
(Ruhanen 2013).
Architect  Makes the visual appearance of the
building before the actual construction
(Aapaoja et al. 2013).
 Details about budget and cost.
 Design implementation according to
the client.
Civil Engineers  They have to present on the site to
check that all the works are
proceeding accordingly.
 They check the proper concentration
of all the raw material mixtures,
binding of rods are proper or not.
 They have to stay connected to the
architect in order to implement the
two dimensional designs in actual
building.
Interior Designers  They are responsible for designing the
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interiors of the building.
 The efficient and practical designs
implementation according to hotel
rooms, casinos, etc.
Labours  They are responsible for actual
construction of building.
 They transport the material required in
the building construction into the
construction site.
Electricians  They are responsible for proper
electrical implementation during the
last phase of construction.
 Installation of fans, lights, air
conditions, are done by them.
Carpenters  They are responsible for all the wood
work inside the building, all the
cabinets in each rooms of hotels,
chairs, tables, beds, cupboards, etc.
Investors  The investors of the building
construction are important as they
handle the monetary part.
 They are the investor related to the
Golden Wattle Company only.
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Information Technology experts  They are responsible for installation of
all the equipment in the casino,
computer systems in the hotel.
 Operation of security cameras and
maintaining them.
 Information Technology experts in the
casino are needed for several technical
operations.
Clients They are the heads of Golden Wattle Leisure
pty Company. The contract for the
construction of the building is given by them
to the builders.
Procurement Issues
Procurement can be defined as the way of finding terms and agreeing with them in order to access
services and goods (Rahmani et al. 2017). In respect to the Golden Wattle Leisure pty Company for
redevelopment of five storey grandstand with several features like exhibition, conference centres, hotel
facility with 120 beds and casino. The possible key procurement issues can be as follows:
 Client resources- The Golden Wattle Leisure pty Company must be adequate finances to
complete the construction of the building along with all the features of the company. This
should not compromise the construction process or any reconstruction quality in future
(Othman et al. 2015). The demolition of the existing grandstand must not affect the
redevelopment along with refurbishment of two stands which are around hundred years old.
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 Cost issue- The budget for redevelopment must be maintained. The chosen contractor must
have skilled workers and sharp expertise (Ishii et al. 2014). This will avoid all the designing
and quality issues that occur during the building construction.
 Risk management- All the process must be monitored accordingly in order to avoid all the
possible risks associated with the redevelopment in Hamilton (Osipova 2014).
 Accommodate variance and changes- The variance in the structures and designs must be
accepted as the base design for hotels remain same in most of the cases. Sometimes, several
changes may not be incorporated because of availability of less time.
Success Criteria
 The countable terms after the ending of a project shows as final output of the project is the
success criteria which is always in favour to the stakeholders such as project managers, end
users and especially to the client.
 It can also be defines as the activities that takes place in order to get the desired outcome
(Thurm et al. 2016).
 The most important three factors that define a successful project criteria are Stakeholder
satisfaction, Iron triangle (scope, cost and time) and Realized benefits.
 The next important success criteria is meeting the specified objectives of the project.
 The next criteria is the satisfaction of the stakeholders.
 The next success criteria is the successful completion of the project within a given amount of
time.
 The next criteria for success is the successful completion of the project on a fixed amount of
budget and not on any extra cost.
 The maintenance of the quality of the project is one of the success criteria.
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 For the successful completion of the project, equal participation of the team members is
required along with the clear objectives regarding the various processes which are involved.
 For the successful completion of the project, a good communication should be maintained
among the members of the team.
 The risks related to the projects should be identified, monitored and controlled for the
development of a successful project.
 These above mentioned criteria must be balanced very well in order to obtain successful project
at the end (Kozel 2016). The most important criteria is to complete the project within the
budget, deadline and high quality.
Objective of project
 The objective of the project is to analyse all the key procurement issues that is related to the
Golden Wattle pty. Company.
 This is done for the redevelopment of a grandstand in the place of pre-existing grandstand for
the construction of a five storey building.
 The possible stakeholders that are involved in the construction process to make hotels and
casinos.
 The criteria that will define the success of the project like the satisfaction of the stakeholders,
completion of project within the stipulated time, cost and scope.
 The objective of this project is to obtain all the services as well as goods which are highly
required for achieving the scope of the project. The case here is the redevelopment of a new
grandstand in place of a pre-existing grandstand for the construction of a five storey building.
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 The objective of the project includes the selection of the key procurement issues related with
the company along with fixing all the key procurement issues.
 The objective of the project also includes the administering as well as closing of all the key
procurement issues with various plans related to the procurement management.
 The objective of the project is to maintain the various principles of procurement like integrity,
transparency, openness, accountability etc. while analysing the key procurement issues.
Conclusion
It can be concluded from the above report that the redevelopment process that will be taking place in
Hamilton to construct buildings that have five storey in all with addition features of conferencing room
and exhibition centre are successful with the hotel and casino. The procurement issues that have
occurred in the on-going process are identified well and briefly discussed above like cost issue,
resource issues, risk managements etc. All the stakeholders that are involved in the process starting
from the builders of the buildings to the clients along with their important responsibilities in the whole
process.
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Reference
Aapaoja, A., Haapasalo, H. and Söderström, P., 2013. Early stakeholder involvement in the project
definition phase: case renovation. ISRN Industrial Engineering, 2013.
Ishii, N., Takano, Y. and Muraki, M., 2014. An order acceptance strategy under limited engineering
man-hours for cost estimation in Engineering–Procurement–Construction projects. International
Journal of Project Management, 32(3), pp.519-528.
Kozel, A., 2016. Utilization of new off-site trends and manufacturing techniques in construction
projects.
Osipova, E., 2014. Establishing cooperative relationships and joint risk management in construction
projects: Agency theory perspective. Journal of management in engineering, 31(6), p.05014026.
Othman, A.A., Abd Rahman, S., Sundram, V.P.K. and Bhatti, M.A., 2015. Modelling marketing
resources, procurement process coordination and firm performance in the Malaysian building
construction industry. Engineering, Construction and Architectural Management, 22(6), pp.644-668.
Rahmani, F., Maqsood, T. and Khalfan, M., 2017. An overview of construction procurement methods
in Australia. Engineering, Construction and Architectural Management, 24(4), pp.593-609.
Ruhanen, L., 2013. Local government: facilitator or inhibitor of sustainable tourism development?.
Journal of Sustainable Tourism, 21(1), pp.80-98.
Thurm, M., Riedel, R. and Müller, E., 2016, December. Success by efficient resource planning in a
project based environment. In 2016 IEEE International Conference on Industrial Engineering and
Engineering Management (IEEM) (pp. 1210-1214). IEEE.
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