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Guide to Different Construction Procurement Methods | ©2022 ProjectSight
Every construction project needs building materials and the services of
experts who can complete the work. Procurement is the process of getting
those goods and services in place to bring the project to fruition. Project
owners and managers must approach this process strategically to ensure
that the project is efficient and completed on time and on budget.
Factors that affect the procurement process and project outcome include
the timeline, the cost and quality of goods, and the constraints the project
faces, among many others. For construction firms, the challenge is
coordinating procurement across multiple projects and ensuring effective
collaboration among various project stakeholders.
To do this, construction companies have several common procurement
methods to choose from. But how can they determine which method is
the best fit? And how can technology tools like ProjectSight help them
successfully manage the procurement process?
Read on for a rundown of the factors to consider when selecting a
construction procurement method, a breakdown of the most common
methods — and a glimpse into how technology can help.
Project owners and managers must approach this
process strategically to ensure that the project is
efficient and completed on time and on budget.
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Guide to Different Construction Procurement Methods | ©2022 ProjectSight
