Assessment of Procurement Parameters for A Construction Project

Abstract

The Procurement of raw material and the handling equipment for the Construction works involve valid sources of supply with varying cost and other liabilities while arriving at the most effective proposal. The abvious parameters for arriving at a purchase decision are cost, lead time, quality of commodity being purchased. Typically supplier are located in a vicinity of the site through their prices could vary amongest themselves as well as the index for the quality. The distant supplier might seem economic for the price while the lead time might not justify the choice. These contrasting needs of the purchasers underline the need for optimal or balanced methods of evaluating the impact on the said resources.