Partnering Flashcards

1
Q

What is partnering?

A
  • A collaborative management approach to procurement that encourages openness and trust between the contracting parties.
  • Provides opportunity for building working relationships, finding efficiencies and planning investment.
  • Risk ownership is spread between the parties and a collaborative approach is encouraged to overcoming problems.
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2
Q

What are the key advantages of partnering?

A
  • Overall construction and design programme can be shortened.
  • Likelihood of conflict is reduced.
  • Improved communication and mutual objectives.
  • Improved customer satisfaction.
  • Improved buildability (early contractor involvement)
  • Better predictability of time and cost.
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3
Q

What are the key disadvantages of partnering?

A
  • Less opportunity to understand what other suppliers have to offer.
  • Difficult to find a strong partner with the same objects, ethics, attitude etc.
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