PROCUREMENT-PRINCIPLE TOWARDS EFFECTIVE MANAGEMENT OF CONSTRUCTION PROJECTS

G.T.N. Veerendra, Ch. Durga Prasad, A.Girish Baburao

Abstract: Success factor of a construction project is the value of the facility from an organisation over time. The primary consideration in a successful delivery requires an integrated process in the form of procurement route i.e. to obtain the best value for money. Its necessity is from inception stage itself and the organisation has to choose the right procurement route that suits the client’s requirements, experience etc. However, selection will depend on the type of project, but today the demand for construction procurement route is increasing with the trend towards alternative delivery routes such as construction management, design-build and management contracting etc. This fact sheet after analysing different procurement routes enlightens a particular procurement route which has most success ratio (or) special interest for different construction projects justified by qualitative and quantitative approaches.

Keywords: Procurement, Environmental Impact Assessment (EIA), Project manager (PM), Multinational Corporation (MNC), Small and medium enterprises (SME’s)

DOI: https://doi.org/10.15623/ijret.2014.0306116