The Journey of JSOM III

Session 4: Construction Procurement & Contracting

In Session 4 of "From Blueprint to Building: The Journey of JSOM III," participants will delve into the critical aspects of construction procurement and contracting. This session focuses on the strategies and processes involved in acquiring the necessary resources and services for construction projects, ensuring that participants understand the legal and logistical frameworks that govern these activities.

Objectives of the Session

• Understand the principles of construction procurement and its significance in project delivery.

• Identify various procurement methods and their implications on project outcomes.

• Recognize the key elements of construction contracts and the roles they play in project management.

• Explore best practices in negotiating and managing contracts with stakeholders.

Key Topics Covered

• Introduction to Construction Procurement: Overview of procurement processes, including planning, sourcing, and contract management.

• Types of Procurement Methods: Analysis of traditional, design-build, and construction management at risk (CMAR) approaches.

• Contract Fundamentals: Examination of key contract components, including terms, conditions, and legal considerations.

• Risk Management in Contracting: Strategies for identifying, assessing, and mitigating risks associated with procurement and contracting.

Conclusion

This session will provide participants with essential insights into the procurement and contracting processes in construction, equipping them with the knowledge and skills necessary to effectively manage these critical components in their future projects.