Course Information
Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
1 Hour(s) 45 Minute(s)
Language
English
Taught by
Umer Mushtaq Lone
Certificate
- Available
- *The delivery and distribution of the certificate are subject to the policies and arrangements of the course provider.
Rating
Course Overview
Procurement Routes & Payment Methods in Construction Projects.
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.
Course Content
- 6 section(s)
- 29 lecture(s)
- Section 1 Procurement in Construction Industry
- Section 2 Basic Procurement Routes
- Section 3 Advanced Procurement Routes
- Section 4 Selecting a Procurement Route
- Section 5 Payment Methods in Construction
- Section 6 Conclusion
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.
Skills covered in this course
Reviews
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YYvonne Ellington
Happy with the course. It flowed nicely and was very informative.
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MMithra Srinivasan
I had no realized that procurement process basically meant different tendering process and contract types. Slightly disappointed on that end, but the teaching and content was excellent !
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NNancy Fernandes
The course was informative and a good match for me to understand the Procurement & Contract Practices followed in the Real Estate Industry. Was detailed with skill checks t assess one's knowledge on the topic reviewed
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NNarmina Rahimova
It was very interesting course! Thank You very much!
