What is a Traditional procurement route (‘remeasurement’ or ‘measure and value’)?
Same as in a Traditional procurement route (Lumpsum), the Client appoints the design team prior to the appointment of the contractor. The remeasurement option is used when the design is substantially completed but final detail is pending. So there is an overlap in the design and construction process. Contract sum is established only after completion of construction after remeasuring the works on an agreed basis. Continue reading
What is a Traditional procurement route (Lumpsum)?
In a Traditional procurement route, the Client appoints the design team prior to the appointment of the contractor. In the Lumpsum option, the design is finished before the tendering process begins. Basically it follows a sequential nature of strategy i.e. design is completed first followed by tendering and then the construction. Based on the completed design, the contractor agrees to complete the project at an agreed sum. Continue reading
What is a Procurement Strategy or a Procurement Route?
Procurement is the process of purchasing goods and services. In this topic, it refers to the process of getting a construction project completed.
Procurement Strategy refers to the way in which the clients objectives are met with respect to the project. Procurement Route is the means or the actions required to carry out the Procurement Strategy.
Selecting an appropriate Procurement Strategy is one of the foremost and important tasks to be undertaken before commencing on a project.
Why is selecting an appropriate Procurement Strategy important? Continue reading