General Procurement and Tendering

Question 1

What is procurement?

Answer 1

The act of obtaining goods or services for a construction project

Question 2

What factors govern procurement route selection?

Answer 2

Identify clients priorities in terms of time, cost, quality and in some aspects their appetite for risk

Question 3

What procurement routes are you familiar with?

Answer 3

Traditional
Design and Build
Construction Management
Management Contracting

Question 4

What is tendering

Answer 4

The way in which you go about obtaining a price for a good or service

Question 5

Whats the difference between procurement and tendering?

Answer 5

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