Procurement strategies

A procurement strategy selected for a particular project will depend on a number of criteria: the client body, the project type and size, the time available, the cost certainty required and the responsibility for design. These criteria will often be in conflict with one another, and the most suitable procurement strategy will therefore represent a balance between them.

The procurement strategy forms the fundamental implementation of the project and defines the interfaces and relationships between the participants; it is a key ingredient in a successful project.

It is important to recognise the benefits to be gained by operating best practice. With best practice, commercial clients can reduce their capital and running costs and improve cost and time certainty.

This section is maintained by Damien Clifford of CBRE GWS

RICS standards: E-tendering

RICS standards: Procurement of facility management

RICS standards: Tendering strategies