E-Procurement is the process of buying a business that is basically a website. The trend of e-procurement is growing at a rapid pace as more .com businesses show promise in the business world for...
-selection contractor will be competitive open tendering
-can get the most competitive price.....value for money governed by market conditions.
-guaranteed lump sump price.
- can result in "shitbox" building, where contractor has lowered the specification to allow more profit or correct for mistakes made.
-designs may be unimaginitive, from cost prioritised over...
Project Procurement is where the decision to procure and the funding to pay the invoice comes from a project budget.
Operational Procurement is where decision to procure and the funding comes from...