Discussion of procurement methods in the construction industry

Abstract

Construction projects are highly complex and unique in nature yet this business holds prime importance for the economy of any country due to its high level of contribution to GDP. There have been a number of revolutions in the industry over the past few years.With the introduction of newer methods and advanced technologies, the approach that followed a number of major changes and modifications. This paper explores various procurement trends in the construction arena and makes an attempt to understand how their impacts and the trade-offs that are made while choosing for construction and sustainability of the construction process.There are various distinctive ways to deal with procurement of products, services, and mechanism, all of which can bring about various results. Procurement methodology is about the decisions taken in figuring out what is to be conveyed by a specific contract, the procuring and contracting courses of action and the way the auxiliary procurement targets are to be advanced.This paper will contribute to the body of knowledge by providing the analysis and a list of reliable factors for procurement technique in construction projects to inform future practice at strategic and tactic level. There are various distinctive ways to deal with procurement of products, services and mechanism, all of which can bring about various results. Procurement methodology is about the decisions taken in figuring out what is to be conveyed by a specific contract, the procuring and contracting courses of action and the way the auxiliary procurement targets are to be advanced. Methodological triangulation was adopted, including the literature review, and a questionnaire survey to obtain data from 50 construction professionals. The results revealed that employee’s awareness is the greatest strategy for procurement in the construction industry.