Procurement

Task One

Explain fully the process of procurement.

procurance buttocks be described simply as shopping. Once a pestle for a project has been accepted by the invitee the beau monde must start to obtain the items required for the project, at the correctly price, namely:

▪ Materials
▪ Labour
▪ Plant & machinery

There ar many factors that must be satisfied during the procurement process:

▪ At the right price
▪ Of the right quality
▪ In then right quantity
▪ From the right supplier
▪ At the right time

In addition to this the company vendee must also seek:

▪ Value for money
▪ Customer service
▪ bind methods of payment and terms

Particular attention must be paying to the tender price for works and it’s associated materials, labour and set up to ensure that there is sufficient amounts of money in the tender to cover the costs without being detrimental to the profit margin.

Procurement is also the process used by the employer / client or his / her representative of obtaining a contractor to construct a building.





A contractor must obtain work and there are several methods of achieving this-

▪ By competing with other firms in open tendering
▪ with personal contacts
▪ By recommendation from past clients
▪ Through antecedently dealt with clients
▪ By invitation
▪ By advertising

Regardless of the size or twist of a company they should constantly be looking at ways and means of maintaining levels of work and advertise themselves to prospective clients by-

▪ fashioning personal contacts
▪ Advertising in local newspapers
▪ Designing a trade mark or logo / displayed on company vehicles
▪ Signboards displayed at places of work
▪ Canvassing
▪ Calling / business cards
▪ Inclusion on the Local...If you requisite to get a full essay, order it on our website: Orderessay



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