PROCUREMENT AND CONTRACTS

Obtaining and providing quality goods and services, on time and at a reasonable price, are critical to successful project delivery. Current project execution practices rely heavily on the performance of each tier of the supply chain including owners, contractors/subcontractors, and material/service suppliers. CII’s research into Procurement and Contracts strives to improve overall project supply chain project understanding and performance.

Project delivery and contract strategies research topics reveal how specific project characteristics can be used to identify the most appropriate execution and contracting strategy for a project to produce predictable and reliable results. Key roles and responsibilities of project participants—owner, contractor, and supplier—are defined. The research outlines numerous contracting features including risk allocation, the differences between contract types as well as value-add versus commodity contractor services.