Procurement process:
There are many reasons why procurement is important in construction.

First, procurement ensures that projects are completed on time and within budget. When materials and labor are procured efficiently, it minimizes the chances of cost overruns and delays.

Second, procurement can have a major impact on the quality of a construction project. By carefully selecting materials and contractors, owners can ensure that their projects meet or exceed their expectations.

Finally, procurement can be used to manage risk in construction projects. By identifying and mitigating risks early on, owners can avoid potential problems down the road.

​​Solicit bids or pricing from suppliers:
After materials and equipment have been approved, contractors can begin the solicitation process with suppliers. Selection of engineered or specially fabricated components, like structural steel or ductwork, could involve soliciting bids or quotes from multiple suppliers. Standard items like lumber or plumbing may simply be ordered from a contractor’s trusted supplier.

Once the bids come back and the options are finalized, the general contractor can evaluate the options either on their own or in consultation with the owner and/or designers. Cost can be the primary driver during the evaluation phase, but there are other factors that can also come into play, such as availability, quality, experience of the suppliers, or sustainability of the materials.

Conclusion:
Procurement in construction is a complex process that requires careful planning and execution. It is an integral part of the construction process, as it ensures that materials, services and labor are acquired efficiently and cost-effectively. Understanding procurement can help you manage your project more effectively, while also helping to reduce costs associated with the project. With this knowledge, you will be able to make smarter decisions throughout the procurement process which will ensure your project runs smoother from start to finish.