Understand Construction Procurement & Contract Practice
Procurement Routes & Payment Methods in Construction Projects.
Description
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.
What You Will Learn!
- 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.
Who Should Attend!
- Construction Managers, Contract Administrators, Planning Engineers,Construction Project Managers, Procurement Managers, Civil Engineers, QS, Construction Consultants, Construction Clients