Procurement in Construction Report
Task:
Modern approaches to procurement are expected to consider wider client and stakeholder values. Conventional procurement approaches have been consistently criticised for continuing to focus the competitive element, almost solely on the determination of an initial price for a given design. Both public and private sector clients have sought to introduce approaches that focus competition not only on economic but also, wider social and environmental outcomes. This has resulted in a range of alternative, more strategic approaches to procurement to be proposed.
Within this context, you are tasked to do a critical review of attempts at building wider values into the procurement process. The focus should be on what is meant by value. Secondly you should explain and synthesise the current advocated strategic approaches to procurement (including for example the guidance of the Infrastructure Procurement Route-map and the wide array of Framework Arrangements, available in the market-place).
Finally, you should also discuss in detail how firms in the construction industry could be considering how their current business model can help them address the changing procurement approaches, and whether they need to change their business model to capitalize on these changes. You are encouraged to discuss cases and real project examples in building your arguments. You may choose to apply the learning from the module directly into your current or recent work-place.
Assessment Criteria
- Critical analysis of the attempts at building wider values into the procurement process. The focus should be on what is meant by value– 25%
- Synthesis of the current advocated strategic approaches to procurement available in the market- place– 30%
- Discussion of how firms in the construction industry could be they need to change their business model to capitalize on these chnages – 30%