Managing construction procurement risks within an uncertain market
Download a copy of our latest guide to find out how you can mitigate rising construction costs on your project
Understanding how to mitigate construction procurement risk during times of uncertainty is crucial to reducing risks and maintaining the project’s progression. To successfully manage or mitigate these risks you need to fully understand procurement activities.
Topics covered Managing Construction Procurement Risk
Provelio explore a series of 10 mitigation methods for managing construction procurement risk and procuring within unpredictable market conditions which should be implemented through all stages of the project life cycle.
Business Case
Ensure you have a structured approach from the outset. How to adhere to the business case and brief when delivering projects with a long duration.
Cost Control
Understand your high risk work packages. A series of cost control and management process questions to consider before starting the project.
Value Management
Undertaking value management exercises to ensure the project is developed based on what it needs. This should be undertaken in conjunction with a project brief.
Procurement Routes
Ensuring the right procurement route is chosen based on various factors. This will promote value and determine risk profile.
Useful Resources
Provelio research, insights and guidance on how you can change your organisation and projects for the better. All available now to download for free.
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