General Procurement and Tendering Flashcards
1
Q
What is procurement?
A
The act of obtaining goods or services for a construction project
2
Q
What factors govern procurement route selection?
A
Identify clients priorities in terms of time, cost, quality and in some aspects their appetite for risk
3
Q
What procurement routes are you familiar with?
A
Traditional
Design and Build
Construction Management
Management Contracting
4
Q
What is tendering
A
The way in which you go about obtaining a price for a good or service
5
Q
Whats the difference between procurement and tendering?
A
Procurement is the act of obtaining goods and services
Tendering is a phase within procurement strategy of obtaining the price for the good or service e.g. a bidding process
