Understand Construction Procurement & Contract Practice

Procurement Routes & Payment Methods in Construction Projects.

What you'll learn
Understand the need for construction projects to develop procurement strategy.
Role of Client in procurement.
Basic characteristics, strengths, weaknesses of various procurement routes.
Traditional and Advanced Procurement Routes
Different types of Payment methods in construction
Client and Contractor risks associated with procurement routes
Design & Build, Management Routes, EPC route, Two Stage Tendering etc.
Appropriateness of Procurement Route according to client objectives.
Requirements
Basic knowledge of construction management and overall construction industry.
Description
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.

Overview

Section 1: Procurement in Construction Industry

Lecture 1 Introduction

Lecture 2 Need for Procurement

Lecture 3 Procurement Process

Lecture 4 Procurement Strategy

Lecture 5 Procurement Route Selection

Section 2: Basic Procurement Routes

Lecture 6 Procurement Route Options

Lecture 7 Traditional Route-Design-Bid-Build

Lecture 8 Design and Build Route

Lecture 9 EPC Turnkey Route

Lecture 10 Management Contracting Route

Lecture 11 Construction Management Route

Lecture 12 Risk Distribution of Basic Procurement Routes

Section 3: Advanced Procurement Routes

Lecture 13 Novation Route

Lecture 14 Types of Novation

Lecture 15 Two Stage Tendering

Lecture 16 Advantages of Two Stage Tendering

Lecture 17 Framework Agreements and Prime Contracting

Lecture 18 Develop and Construct Route

Lecture 19 Design and Manage Route

Lecture 20 Partnering

Lecture 21 Private Public Partnerships-PPP

Lecture 22 Types of PPP-Private Public Partnership

Section 4: Selecting a Procurement Route

Lecture 23 Selection of Procurement Route

Lecture 24 Appropriateness of Procurement Routes

Section 5: Payment Methods in Construction

Lecture 25 Payment Methods

Lecture 26 Price Based Payment Methods

Lecture 27 Cost Based Payment Methods

Lecture 28 Risk Distribution of Payment Methods

Section 6: Conclusion

Lecture 29 Conclusion

Construction Managers, Contract Administrators, Planning Engineers,Construction Project Managers, Procurement Managers, Civil Engineers, QS, Construction Consultants, Construction Clients