Procurement

Procurement is a term which describes the activities undertaken by a client or employer who is seeking to bring about the construction or refurbishment of a building.

It is a mechanism which provides a solution to the question: “how do I get my project built?”

On most projects, clients (usually through their advisers or in-house teams) will start the procurement process by devising a project strategy. The strategy entails weighing up the benefits, risks and budget constraints of a project to determine what the most appropriate procurement method is, and what contractual arrangements will be required. With every project, the client’s concerns focus on time, cost and quality (or performance) in relation to both the design and construction of the building.

Successful procurement relies on all parties involved in the project complying with their respective obligations, and identifying and dealing with risk appropriately from the outset.

Prithvi Engineers contracts are designed specifically for the different procurement methods used by the construction industry.