2.4 PROCUREMENT STRATEGIES Procurement strategies for building projects have not changed in the last thirty two (32) years. Even though the industry is still encountering cost and time overruns in most projects funded by the public sector e.g. South Gauteng High Court project, Norwood Police hostels project, etc. as a result procurement method chosen for a particular project, particularly the public renovation projects, is ought to be expected to play a significant role in minimizing the cost and
3. Task 1 3.1 Introduction for Procurement Methods The procedure adopted to procure construction work is regarded as the procurement method of any construction project. According to the (John Murdoch, 2000), the procurement method of a construction project defined as “The characteristic pattern of participant’s involvement, and the deposition of risks among them constitute the procurement method or procurement system for a project”. Strategies for the procurement of building projects have not changed
The aim of this paper is to present the key elements of the information management process in the construction industry. Construction projects typically require substantial effort, time, and capital outlay. Information management provides the means for improved project management, coordination of individual efforts, time and cost reduction. The genesis of a construction project involves four general development phases. In concept and initiation phase the project scope and requirements are outlined
Seaden (2001) on the other hand, identify innovation as the implementation of significantly new processes, products or management approaches in order to increase efficiency of an organization. Dulaimi (2005) define innovation as the generation, development, and implementation of ideas that are new to an organization and that have practical or commercial benefits. Innovation in construction is the creation and adoption of new knowledge to improve the value of products, processes, and services. Considering
organization that may have project management implications. In Project Management, changes in projects can cause substantial adjustment to the contract duration time, total direct and indirect cost, or both (Tiong 1990; Ibbs 1997; Ibbs et al. 1998). Therefore,
the era of apartheid. So now the procurement it is the centre stage of the delivery system in the government and procurement it must be used to help the social, industrial or environmental policies so they can be adhered to. I in South Africa during the apartheid era public procurement it was focusing on large and already recognised contractors, so it was hard for new contractors to take part in the government procurement procedures, so now the public procurement in our country it has been given
Concepts, Techniques and Strategies in Value Management The concepts, techniques and strategies of VM had developed over time by many researchers all around the world in various aspects to extent its application, maximising its benefits, and improving its effectiveness. 3.1 Developed concepts in Value Management In the past decades, VM has become more popular in consruction project management. As proof, in Malaysia, the government launches officially the manual of VM in 2010 for the KLIA2. Hayles
India, Construction Industry plays a key role in both economic growth and poverty reduction. The industry consumes about 40 to 50% of the national five year plan outlay and contributes to nearly 20% of GDP. Construction industry is the second largest industry next only to agriculture in terms of providing employment in India (Construction Industry Development Council). Government is targeting an economic growth of around eight per cent during the Eleventh five year Plan (2008-12). Construction projects
theory that a great deal of project management involves avoiding problems and tackling risks involved in Projects.in this chapter, a thorough investigation will be made on the problems facing the construction industries in the UK and also in Nigeria. Furthermore, a conclusion will be made to know if these problems can be solved in order for any project to be successfully completed. PROJECT MANAGEMENT PROBLEMS IN UK CONSTRUCTION INDUSTRY Project Management in construction is a well-established discipline
STUDY AND EVALUATION OF STRATEGIC MANAGEMENT IN INDIAN CONSTRUCTION INDUSTRY Naveen Thomas Abraham1, A. Arokia Prakash2 1 Student, Construction Engineering and Management, SRM University, Chennai, 603203, naveennt2007@gmail.com 2Assistent Professor, Construction Engineering and Management, SRM University, Chennai, 603203, arokiaprakash.a@ktr.srmuniv.ac.in 1 ABSTRACT Strategic Management is a concept that concerns with making decisions and taking corrective actions to achieve long term targets and