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The Impact Of Procurement Systems On Construction Cost And Delivery
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1.8 DEFINITION OF TERMS ·
Procurement: This is the acquisition of goods, services or works from an outside external source. ·
Procurement
System: Procurement system’ is a contemporary term, which is known to
many practitioners and researchers of the construction industry by
different terms; these include terms such as project approach,
procurement methods, procurement delivery methods or project delivery.
·
Project Procurement: Project procurement has been described
as an organized methods or process and procedure for clients to obtain
or acquire construction products. ·
Open tendering: This is a
procedure that allows practically any contractor to submit a tender for
the work. This procedure involves either the client or consultant (on
behalf) of the client placing a public advertisement giving a brief
description of the work. ·
Selective tendering: It consists
of the client drawing up a short-list of contractors that are known to
have the appropriate qualifications to carry out the work
satisfactorily. ·
Negotiated tendering: This method is
applied in several or different contexts, but the essence is that
tenders are obtained by the client inviting a single contractor of
his/her choice to submit a tender for a particular project. ·
Non-traditional
procurement systems: This is a diversified contemporary procurement
system that not only considers design and construction, but also
considers financing, operating and facility management.
Construction:
In the fields of architecture and civil engineering, construction is a
process that consists of the building or assembling of infrastructure.
Far from being a single activity, large scale construction is a feat of
human multitasking. Normally, the job is managed by a project manager,
and supervised by a construction manager, design engineer, construction
engineer or project architect.
Deliverable: Deliverable is a term
used in project management to describe a tangible or intangible object
produced as a result of the project that is intended to be delivered to a
customer (either internal or external). A deliverable could be a
report, a document, a server upgrade or any other building block of an
overall project. Project management: this is the discipline of planning,
organizing, motivating, and controlling resources to achieve specific
goals. A project is a temporary endeavour with a defined beginning and
end (usually time-constrained, and often constrained by funding or
deliverables), undertaken to meet unique goals and objectives, typically
to bring about beneficial change or added value. Time: This is a
dimension in which events can be ordered from the past through the
present into the future, and also the measure of durations of events and
the intervals between them. Cost: A cost is the value of money that has
been used up to produce something, and hence is not available for use
anymore. In business, the cost may be one of acquisition, in which case
the amount of money expended to acquire it is counted as cost.
Cost
overrun: occurs when the final cost of the project exceeds the original
contract value at the time of completion. Good cost performance project:
Project in which the cost overrun of the project does not exceed 10
percent of the initial budget.
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ABSRACT - [ Total Page(s): 1 ]The study to examine procurement systems and it impact on cost management and delivery, the study has the following objectives,to identify various procurement systems commonly used by quantity surveyors in Owerri, to examine challenges encountered when employing various procurement systems for construction projects and to examine the impact of procurement systems on construction cost.
Concerning methodology for this study, data was obtained from primary source that is standardized structured qu ... Continue reading---
