A procurement strategy selected for a particular project will depend on a number of criteria: the client body, the project type and size, the time available, the cost certainty required and the responsibility for design. These criteria will often be in conflict with one another, and the most suitable procurement strategy will therefore represent a balance between them.
The procurement strategy forms the fundamental implementation of the project and defines the interfaces and relationships between the participants; it is a key ingredient in a successful project.
It is important to recognise the benefits to be gained by operating
best practice. With best practice, commercial clients can reduce their capital
and running costs and improve cost and time certainty.
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Related RICS professional guidance
RICS standards and guidance
- RICS property measurement
- UK commercial real estate agency
- New rules of measurement
- QS and construction standards
- Residential property standards
- Valuation standards
- List of RICS standards and guidance
- RICS standards and guidance archive
- Selection of a procurement strategy
- Best practice procurement
- Main procurement options
- Other procurement options
- Public-sector procurement
- European procurement
- Evolution in procurement
- Further information on procurement