WorksheetsProcurement and Construction Management
Total questions: 10
Worksheet time: 4mins
What is Procurement ?
the purchase of goods that allows a company to manage its supply chains profitability and ethically
the purchase of goods that for a company to without profitability and unethically
the purchase of goods and services that allows a company to manage its supply chains profitability and ethically
the sourcing of services ethically
4 Main types of procurement
1. Direct procurement
2. Goods procurement
3. Service procurement
4. Stationery procurement
1. Service procurement
2. Software procurement
3. Indirect procurement
4. Direct procurement
1. Direct procurement
2.Indirect procurement
3. Service procurement
4. Stationery procurement
1. Service procurement
2. Indirect procurement
3. Goods procurement
4. Direct procurement
What is a bidder?
is a supplier or contractor
is a supplier or contractor who submits a formal request "(bid)" in response to an invitation to bid offering to provide goods, services, for a project
someone who talks fast at auctions
Someone who bribes their way into a project
Types of public procurement
1. Traditional procurement
2. Semi traditional
3. Non-traditional
1. Traditional procurement
2. competitive Negotiation Contract
1. negotiated contracts
2. non- negotiated contracts
1. sealed bids
2. open bids
Three types of procurement contracts
1. Final Fixed Price (FFP)
2. Fixed Price & Insecurity Fee (FPIF)
3. Fixed Pricing with
Economic Price Adjustment (FPEPA)
1. Firm Fixed Price (FFP)
2. Fixed Price &
Incentive Fee (FPIF)
3.Fixed Pricing with Early Price Adjustment (FPEPA)
1. Firm Fixed Price (FFP)
2. Fixed Price & Incentive Fee (FPIF)
3.Fixed Pricing with Economic Price Adjustment (FPEPA)
1. Firm Fixed Price (FFP)
2. Fixed Price & Incentive Fee (FPIF)
3. Final Pricing with Economic Price Adjustment (FPEPA)
Three stages of the procurement lifecycle
1. Select target suppliers
2. Issue RFQ
3. Select Vendor
1. Select target suppliers
2. Issue PO
3. Get new facility
1. Select Vendor
2. Select software
3. Select target suppliers
1. Issue RFQ
2. Read responses
3. Select software
Construction Management Procurement and Construction Management Agency are the same thing
Yes
No
What are the advantages of Separated Procurement?
Accountability
Cost Certainty
Control
Consistency
What are the advantages of Integrated Procurement?
Time
Cost
Quality
Risk
Is an advantage of Construction management procurement method that the job can be bid on at the start only?
Yes
No
