What are the Procurement Methods in Construction?

methods in construction refer to the various types of contracts that are used to execute construction projects. These methods are chosen based on the requirements and goals of the client, as well as factors such as time constraints, budget, expected quality, specific project constraints, risk, asset ownership, and financing.

There are two main categories of procurement methods in construction: traditional methods and alternative methods. Traditional methods include lump-sum contracts, re-measurable contracts, and cost reimbursement/cost plus contracts. Alternative methods include design and build and management contracting.

When deciding on a procurement method or contract type, it is important for the project management team to thoroughly understand the client's requirements and goals. Factors such as time constraints, budget, and expected quality should be considered in order to choose a method that will help the project meet the client's expectations.

Additionally, specific project constraints, risk, asset ownership, and financing should also be taken into account in order to choose a procurement method that is suitable for the specific project.

Procurement in the construction industry refers to the process of acquiring or obtaining services or commodities. Choosing the right procurement method or contract type is crucial to the success of a construction project, as it will determine the cost, quality, and speed of the project. The project management team, which usually consists of an architect, quantity surveyor, and engineer, is responsible for understanding the client's requirements and selecting a procurement method that meets their expectations.

There are several factors to consider when deciding on a procurement method, including time, budget, expected quality, specific project constraints, risk, asset ownership, and financing. For example, if time is a critical factor, the client may choose a fast track procurement method to complete the project as quickly as possible. On the other hand, if the client has a limited budget, they may opt for a cost-effective procurement method such as a lump-sum contract.

There are two main types of procurement methods in the construction industry: traditional procurement methods and alternative procurement methods. Traditional procurement methods include lump-sum contracts, re-measurable contracts, and cost reimbursement/cost plus contracts. Alternative procurement methods include design and build and management contracting.