Procurement Is A Basic Definition For The Procurement System

At this point the scope of the project has been defined in detail and the project team are ready to be appointed. Although a Project Manager can be appointed at any stage of the project, s/he will need to be appointed prior to the establishment of the project team. The Project Manager is responsible for all aspects of project performance including: planning, budget execution, project execution, and close-out Funding.

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This document serves the purpose of critically analysing the differences that exist between managing construction projects and I.T Projects

Over the past few years, the construction industry has been changing dramatically. One of the most important stages in the construction management and business management is the planning phase. They share similar two main levels of planning which are the strategic and operational planning. However, business management planning to decide in advance what should be done, and how to do it, when you do and you are done. On the other hand, Construction management strategic planning is to deal with selection on a high level of overall objective of the project, including the scope, procurement methods, schedules and financing options but the planning of operations, including the

The job of project manager, as performed by Ron Barnes of CanDo Construction Ltd., is fundamental in making things happen, as he is responsible for winning and completing projects. To do this successfully, he must gather an accurate assessment of the competition through direct contact, past experience, or second-hand reports. He must also organize available material and human resources, and determine the timeframe necessary to complete all processes of a project.

This paper includes a description of the procurement planning process. The most valuable output of the plan procurement process will be identified. Furthermore, the various contract types will be explained. A source criterion that would be applicable to any project will be described and three criteria that would apply to most projects will be identified. An analysis of the ethical

Procurement intends to explore supply market opportunities and to implement resourcing strategies that deliver the best possible supply outcome to the organization, its stakeholders and clients (Kidd, 2005). Therefore, construction procurement exists to purchase a construction project as requirement of firms or organizational entities to achieve its goals. However, the choice to use external resources is the part of firms’ decision-making

The principle of identifying the best procurement strategy is to manage the Client objectives and guarantee that the project sits within the correct price and within the appropriate time. It is apparent that whatever strategy adopted by the Client and its appointed professionals this might have an impact on the chosen procurement

Choosing construction management as a procurement strategy means the client is responsible for leading the

Construction projects are always unique and risks raise from a number of the different sources. Construction projects are inherently complex and dynamic, and involving multiple feedback processes. A lot of participants – individuals and organizations are actively involved in the construction project, and they interests may be positively or negatively affected as a result of the project execution or project completion. Different participants with different experience and skills usually have different expectations and interests. This naturally creates problems and confusion for even the most experienced project managers and contractors.

If the client opts for design and build as the preferred method of procurement the contractor is appointed earlier in the procurement process. The Contractor’s price can be based on differing levels of information provided by the client and this can range from a simple outline scope and a couple of sketched drawings to a full tender package.

The contractual agreement under a management contract may it is also referred to as a "construction management contract" or "project management contract". In this structure project manager is responsible for coordinating the designers and the willingness of the contractors to do the work. The prime contractor does not necessarily accept contractual liability for the result of the work, but simply acts in a leadership role on behalf of the employer.

Recent economic liberalisation of the construction market has placed private contractors in a stronger position to compete for work. At the same time, to be successful requires more sophisticated project management to enhance competitiveness (Fang, et al, 2004; Lim, et al., 2010). It is useful to identify the

An effective procurement plan and policy should set clear state roles and responsibilities, avoiding ambiguity and presenting a consistent framework for the council and its partners to work in (Chartered Institute of Procurement and Supply (CIPS) 2014). A procurement strategy should also take account of CBC’s need for projects delivered on time and within budget. The strategy aims to highlight the need for quality and sustainable development. The method of procurement depends on CBC’s need to be involved in the design process in new projects and the degree of certainty required with respect to cost of these works. For example there is a greater certainty of time and cost associated with the design and build form of procurement than with construction management or the traditional form of procurement. However CBC would have greater input in the design with the later forms of procurement than with the design and build option (Constructing Excellence 2004).

I am an elder son of a real estate banker; my father is always busy with the analysis of construction project budgets. He had his own library, with books ranging from construction estimation to procurement systems. These books are the seeds of curiousness inside me about the buildings and the science behind them. My mother being a mathematics teacher, made sure I had a strong grip over that subject all through my schooling. By the time I had to select my path into graduation, I was already inclined towards construction industry and opted for Architecture. It was a challenge to get selected among one million applicants. I graduated from “School of Planning and Architecture, India”, An Institute of National Importance, among the top three architecture schools in India. It was my mother’s mathematical nourishment which appreciated my chances of standing in top 0.001% (All India Rank – 870) in All India Engineering Entrance Exam. I was eager to contribute to the body of knowledge in construction industry and searched for the direction which can add value to the system. India being a developing country with world’s second largest population, construction resources are very important. I have observed a lot of scope for growth in the commercial sector and felt that thrifty approaches towards generic construction problems in commercial sector are to be modulated.