Procurement - Assignment 2 Essay Example | Topics and Well Written Essays - 1500 words

Procurement - Assignment 2 - Essay Exampleent system is vital since the correct choice may help to bend eventualities that might negatively impact on time, costs and quality to ensure that the projects goals are attained. One needs to consider a phase of factors from the projects internal and external environment in which the industry operates. A point to note is that different projects may require different systems base on a projects features (Hashim, Yuet, Chu, Hooi, Heng & Yong 2006). Procurement systems are divided into three categories namely traditional, management contracting and design and build methods. These three categories father different influences on each factor. The following factors are may be considered in the construction of site in Chelmsford. fourth dimension, complexity, price certainty, government policy, price utmost, responsibility, essay avoidance and familiarity of procural methods (Hashim, Yuet, Chu, Hooi, Heng & Yong 2006).Time is of fundamental wh en deciding which procurement system to acquire for construction purposes. Time described here is from inception to extremity stage. If the completion deadline is not met due to an inefficient procurement system, extra or overrun costs will be incurred by the contractor making the project expensive. The procurement system should monitor the lead-time schedules to ensure that the functional spaces are completed within the required time and start generating income. The node being a private firm, completion time of the project is truly crucial and of importance to them (Hashim, Yuet, Chu, Hooi, Heng & Yong 2006). Therefore, the procurement system must be comprehensive in planning and its schedules to achieve deadlines and other timelines required. Time as a factor is affected by the given procurement methods in the following ways. Design and build method is advantageous for a client who wants a quick return on their investment. The client may employ management contracting method in o rder to reduce the project