Construction Procurement: Process, Planning, Tendering & Contract Award
Mastt - Home for Construction PMs
577 views
This video walks through construction procurement from planning to contract award. It covers work packages, tender documents, subcontractor quotes, bid leveling, and scope gaps. FREE Procurement Plan Template: https://www.mastt.com/resources/procu...
You’ll learn how to build a procurement schedule, define scopes of work, and plan subcontractor packages. The video also covers tender preparation, quote comparison, risk allocation, value engineering, negotiations, and contract award. It’s a practical guide for project managers, contractors, consultants, and quantity surveyors involved in construction procurement.
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Start for FREE: https://www.mastt.com
Construction Contract Management Software:
https://www.mastt.com/use-cases/const...
Product Tour: https://www.mastt.com/product-tour
Dashboards & Templates: https://www.mastt.com/template-library
Chapters:
00:00 What is construction procurement?
01:09 The two stages of the construction procurement process
03:03 Back-to-back risk transfer, head contract to subcontract
05:31 Product requirements vs process requirements
07:15 Market competition and value for money in procurement
09:55 Planning procurement vs executing procurement
10:31 Step 1: build the construction procurement package register
11:15 Subcontract, self-perform, or hybrid?
14:10 How do you decide how to split subcontract packages?
16:18 Step 2: scope of works and where scope gaps come from
18:18 Step 3: procurement schedule and supplier lead times
19:51 Step 4: contract models, lump sum to schedule of rates
20:26 Step 5: value engineering to cut margin on margin
22:01 Tender package: scope of works, pricing schedule, bill of quantities
24:21 Issuing tenders to three to five pre-qualified subcontractors
26:21 Bid leveling subcontractor quotes and awarding the contract
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YouTube: @masttglobal
LinkedIn: LinkedIn: mastt
Facebook: Facebook: masttglobal
Instagram: Instagram: masttglobal
X: https://x.com/MasttGlobal
Pinterest: Pinterest: masttglobal
TikTok: TikTok: masttglobal
#ConstructionProcurement #ConstructionManagement #ProcurementPlanning #ConstructionTendering #ConstructionProjectManagement #ProcurementProcess
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Construction Procurement: Process, Planning, Tendering & Contract Award
Mastt - Home for Construction PMs
577 views
This video walks through construction procurement from planning to contract award. It covers work packages, tender documents, subcontractor quotes, bid leveling, and scope gaps. FREE Procurement Plan Template: https://www.mastt.com/resources/procu...
You’ll learn how to build a procurement schedule, define scopes of work, and plan subcontractor packages. The video also covers tender preparation, quote comparison, risk allocation, value engineering, negotiations, and contract award. It’s a practical guide for project managers, contractors, consultants, and quantity surveyors involved in construction procurement.
🚀 Get Started with Mastt
Start for FREE: https://www.mastt.com
Construction Contract Management Software:
https://www.mastt.com/use-cases/const...
Product Tour: https://www.mastt.com/product-tour
Dashboards & Templates: https://www.mastt.com/template-library
Chapters:
00:00 What is construction procurement?
01:09 The two stages of the construction procurement process
03:03 Back-to-back risk transfer, head contract to subcontract
05:31 Product requirements vs process requirements
07:15 Market competition and value for money in procurement
09:55 Planning procurement vs executing procurement
10:31 Step 1: build the construction procurement package register
11:15 Subcontract, self-perform, or hybrid?
14:10 How do you decide how to split subcontract packages?
16:18 Step 2: scope of works and where scope gaps come from
18:18 Step 3: procurement schedule and supplier lead times
19:51 Step 4: contract models, lump sum to schedule of rates
20:26 Step 5: value engineering to cut margin on margin
22:01 Tender package: scope of works, pricing schedule, bill of quantities
24:21 Issuing tenders to three to five pre-qualified subcontractors
26:21 Bid leveling subcontractor quotes and awarding the contract
🔔 Stay Connected
YouTube: @masttglobal
LinkedIn: LinkedIn: mastt
Facebook: Facebook: masttglobal
Instagram: Instagram: masttglobal
X: https://x.com/MasttGlobal
Pinterest: Pinterest: masttglobal
TikTok: TikTok: masttglobal
#ConstructionProcurement #ConstructionManagement #ProcurementPlanning #ConstructionTendering #ConstructionProjectManagement #ProcurementProcess