Procurement

Procurement refers to the process of acquiring goods, services, and resources required for the successful execution of a residential or commercial construction project. It involves obtaining all the necessary materials, equipment, subcontractor services, and skilled labor to carry out the design, construction, and management phases of the project. Procurement steps typically include needs assessment, pre-qualification, request for proposal, bid evaluation, contracts, procurement execution activities, and supplier and subcontractor management. This critical stage ensures the project progresses smoothly, stays within budget, meets quality standards, and is completed on schedule. It requires collaboration and communication between the various stakeholders involved in the construction process.