Value based procurement
Assessed intended learning outcomes:
Knowledge and Understanding Upon successful completion of the module, you will be able to:
1. Critically evaluate client objectives and determine the appropriate
selection of procurement systems for design and construction
services.
2. Critically evaluate supply chain relationships and partnering
schemes and develop strategies for various stakeholders in the
construction industry.
Practical, Professional or Subject Specific Skills On completion, you will have had the opportunity to/will be able to:
3. Advise the client on the selection of the appropriate procurement
routes.
4. Advise relevant parties on the rationale regarding early strategic
procurement decisions.
Transferable Skills and other attributes (maximum of 5)
On completion, you will have developed:
5. Determine the appropriate procurement system based on client
objectives.
6. Develop communication skills to plan the management of supply
chains.
7. Provide advice on developing strategies for partnering.
Assignment brief and task
details:
Task
Modern approaches to procurement are expected to consider
wider client and stakeholder values. Conventional procurement
approaches have been consistently criticised for continuing to
focus the competitive element, almost solely on the determination
of an initial price for a given design. Both public and private sector
clients have sought to introduce approaches that focus
competition not only on economic but also, wider social and
environmental outcomes. This has resulted in a range of alternative, more strategic approaches to procurement to be
proposed.
Within this context, you are tasked to do a critical review of
attempts at building wider values into the procurement process.
The focus should be on what is meant by value.
Secondly you should explain and synthesise the current advocated
strategic approaches to procurement (including for example the
guidance of the Infrastructure Procurement Route-map and the
wide array of Framework Arrangements, available in the marketplace).
Finally, you should also discuss in detail how firms in the
construction industry could be considering how their current
business model can help them address the changing procurement
approaches, and whether they need to change their business
model to capitalize on these changes. You are encouraged to
discuss cases and real project examples in building your arguments.
You may choose to apply the learning from the module directly into
your current or recent work-place.
Word count:
Your assessment should be no more than 3000 words long. This
includes every word, excluding only: any initial contents/title
page, and the reference list(s) located at the very end of your
submission. Only the first 3000 words (as defined above) will be
marked. Any words you write in excess of 3000 (as defined
above) will be ignored.
Marking criteria:
ASSESSMENT CRITERIA
Marks for your assessment will be allocated as follows:
Critical analysis of the attempts at building wider values into
the procurement process. The focus should be on what is
meant by value – 25%
Synthesis of the current advocated strategic approaches to
procurement available in the market- place – 30%
Discussion of how firms in the construction industry could be
considering how their current business model can help them
address the changing procurement approaches, and whether
they need to change their business model to capitalize on these
changes – 30%
