Traditional procurement and e-Procurement?

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...

To procure is to keep/secure that which is being purcuased for future use by an entity.

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...