Understand Construction Procurement & Contract Practice

This course provide the context in which construction procurement takes place. It examines the need of procurement methods in construction. It also reviews procurement routes commonly used worldwide such as Design and Build,Construction Management and the situations in which their use is appropriate and the client objectives they should respond to. It also discusses how risks are distributed among various parties. The course also discusses advanced procurement routes such as PPP, EPC Turnkey etc.Finally it discusses how payments are made in construction and various payment methods, risks associated with these payment methods and how they affect contractor to innovate.