Procurement in the Construction Industry: The Impact and Cost of Alternative Market and Supply Processes (Spon Research)

Do recent moves in the construction industry towards collaborative working and other new procurement procedures really make good business sense? Procurement in the Construction Industry is the result of research into this question and it includes the first rigorous categorizing of the differences between procurement methods currently in use. In the process of carrying out this research, the team has produced a comprehensive study of procurement methods which looks in detail at the relative benefits and costs of different ways of working, with sometimes surprising results. As such, it is not only a valuable guide for practitioners on the complexities of the procurement process, but also an outline of the relevance of economic theory to the construction sector. "Moves to collaborative working and other new procurement routes carry with them a suggestion that collaborative working is better because it makes good business sense. This book is the result of research into this hypothesis, and seeks to test the business case for collaborative working in the construction sector. In order to do this, the differences between procurement methods have been characterized and categorized rigorously for the first time, enabling a proper analysis of collected data to relate the costs of procurement to the procurement methods."--BOOK JACKET Book Cover......Page 1 Half-Title......Page 2 Title......Page 4 Copyright......Page 5 Contents......Page 6 Acknowledgements......Page 8 Executive summary......Page 10 1. Introduction......Page 16 2. Review of existing knowledge......Page 20 3. Research......Page 42 4. Fresh perspectives on construction procurement......Page 96 5. Conclusions and recommendations for further work......Page 106 6. References......Page 118 7. Indexes......Page 126 Appendix A: Glossary of terms......Page 134 Appendix B: Annotated bibliography......Page 138 Evidence-based assessment of new procurement processes in relation to collaborative working patterns, weighing up the costs and benefits to the construction industry.