Understand the need for construction projects to develop procurement strategy.
Role of Client in procurement.
Basic characteristics, strengths, weaknesses of various procurement routes.
Traditional and Advanced Procurement Routes
Different types of Payment methods in construction
Client and Contractor risks associated with procurement routes
Design & Build, Management Routes, EPC route, Two Stage Tendering etc.
Appropriateness of Procurement Route according to client objectives.
Basic knowledge of construction management and overall construction industry.
This course provide the context in which construction procurement takes place. It examines the need of procurement methods in construction. It also reviews procurement routes commonly used worldwide such as Design and Build,Construction Management and the situations in which their use is appropriate and the client objectives they should respond to. It also discusses how risks are distributed among various parties. The course also discusses advanced procurement routes such as PPP, EPC Turnkey etc.Finally it discusses how payments are made in construction and various payment methods, risks associated with these payment methods and how they affect contractor to innovate.
Who this course is for:
Construction Managers, Contract Administrators, Planning Engineers,Construction Project Managers, Procurement Managers, Civil Engineers, QS, Construction Consultants, Construction Clients
Experienced Planning & Project Control Engineer. I work in a class 1 main contracting company for construction industry. Being a certified PMP and Oracle certified Primavera Specialist, I love to learn new tools and techniques of Project Management and I equally love to share my knowledge and help others.