Procurement Strategy and Contract Selection - ENGINEERING MANAGEMENT

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In these terms, a procurement strategy would refer to the planned approach of cost-effectively purchasing a company's required supp...

Procurement Strategy and Contract Selection

In these terms, a procurement strategy would refer to the planned approach of cost-effectively purchasing a company's required supplies, taking into consideration several elements and factors such as the timeline for procurement, the funding and budget, the projected risks and opportunities, among others.

The objective of this guideline is to facilitate consistency in, and provide guidance to government departments regarding, selection of the most appropriate procurement strategies and contracts for government building projects.

Competencies for procurement strategy/contract selection 

The selection of appropriate procurement strategies and contracts requires knowledge of: 
  • the key objectives of, and constraints on, the building project 
  • the risks (both typical and specific) that might impact upon or be encountered at each stage in the delivery of the project, and how best to deal with those risks 
  •  the level of complexity of the project 
  • the key processes and activities that must be performed in delivering the project
  • the available procurement strategies and contracts 
  • relevant CWMF policy requirements.
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This guideline provides an overview of the procurement strategies and contracts that may be used on government building projects and guidance as to their application. It emphasizes the need for early selection of the procurement strategy and for flexibility after the selection has been made. The guideline also explains why these aspects are critical to securing planned project outcomes.
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