EFFICIENT PROCUREMENT MANAGEMENT IN UK CONSTRUCTION PROJECTS
Journal Title: International Journal of Marketing and Technology - Year 2012, Vol 2, Issue 4
Abstract
The word “success” is liked by all; no wonder it means a favorable termination of endeavors. In construction industry too, it holds high place; where any project either big or small is started with hopes for success; which has been achieved but also failed many a times. Selection of right procurement strategy is vital in construction industry as it highly determines the end result of the project, whether it would be declared a success or a failure. Right selection of procurement is a combined effort of client’s clear brief and the delivery from the consultants and contractors. This report is an assessment of procurement options and important factors leading to selection of recommended procurement strategy for Robbington Leisure plc’s racecourse project at Hamchester. This report deals with appropriate Client’s objectives for the project. It briefly introduces the project and also gives small insight on British Race Course Authority. Work schedule as per Client and need for project is also highlighted in this part. Talking about Client’s objectives, it focuses on primary parameters such as Cost, Time and Quality along with factors like Risk and Responsibilities, Sustainability and future Relationship interest. This report describes and evaluates different procurement methods. It deals with different procurement method, namely traditional method, design and build method, management system and partnering and how it fares on the important Cost, Time and Quality factor. It also illustrates the major advantages and disadvantages of each mentioned procurement strategy. Also it is about selected procurement strategy and the justification on the selection for the same. Since Strategic Partnering is recommended procurement strategy given in this report, it clearly identifies the objectives of the clients and how the given strategy can achieve it with win-win situation to all the stakeholders involved, and also importance of risk sharing in the process of Strategic Partnering.
Authors and Affiliations
S. Binil Sundar
Keywords
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