Procurement & Tendering Flashcards
What is Procurement?
The process of acquiring construction work of services.
What are the main 3 factors when considering a procurement route?
Client objectives
- Time
- Cost
- Quality
Name some Procurement options
Traditional Design and Build Construction Management Management Contracting Framework Agreements
A brief explanation of Traditional Procurement
The client engages the design team and contractor direct
A brief explanation of Design & Build Procurement
The client engages the contractor who then employes the designer
A brief explanation of Construction Management Procurement
The construction manager is employed to arrange trade contracts and monitors them
A brief explanation of Management Contracting Procurement
The contractor performs the role of managing the works contractors who carry out the works
A brief explanation of Framework Agreements
A template contract is agreed for a series of projects
Name some tendering processes
Single Stage Tendering
Two Stage Tendering
Negotiated Tendering
A brief explanation of Single Stage Tendering
Multiple contractors tender through one single tender process
A brief explanation of Two Stage Tendering
The contractor is selected for the 1st stage on the basis of limited scope.
The 2nd stage full price is negotiated through open book tendering
A brief explanation of Negotiated Tendering
Where the contract is negotiated with a preferred contractor or contractors.
What is novation
A process where the contractural rights & obligations are transferred from party to another new 3rd party.
What is tendering
The bidding process to obtain and price, also to appoint a contractor
