![]() ![]() Traditional contracts – Traditional procurement is the most commonly used method in construction management procurement, and involves an arrangement between the client, consultants and contractor.Tendering is also more common in certain industries, such as information technology (IT), business consulting, engineering and construction. ![]() In most cases tendering is actually required by legislation or it is stipulated in procurement policies to use the public tendering process for contracts over a defined value threshold, in order to ensure the process is fair and unbiased. Tendering is more common in certain sectors, and is particularly common for governments, councils, other public sector organisations and non-profit organisations. There may also be different forms of the tendering process used based upon the value of the goods and/or services sought. However, each type of request can differ in terms of the documents required and the outcome of the request.ĭifferent forms of the tendering process are used by varying types of organisations, in many different industries, across all sectors: public, private and not for profit. When an organisation is in need of goods and/or services and it invites other parties to submit a proposal or bid to provide these goods and/or services, this invitation is formally referred to as a Request for or Invitation to Tender and the process is known as tendering for business.Īny time a buyer publishes a request for goods and/or services and invites suppliers to respond, whether they are offering a formal contract, asking for pricing, or just wanting information on what can be supplied, this might be referred to as a Tender. Public sector procurement within the UK accounts for approximately 40% of all turnover generated by the construction industry. Procurement for construction covers a vast range of products and services including anything from supplying building equipment to major works contracts, mostly procured through a tendering process. The Infrastructure and Projects Authority revealed that the 2020/21 National Infrastructure and Construction Procurement Pipeline had an estimated total contract value of between £29 billion and £37 billion. In 2020 UK Prime Minister Boris Johnson promised to “build, build, build”, saying that he wanted to use the period of recovery after the initial Coronavirus crisis “to tackle this country’s great unresolved challenges” and get UK construction moving. In the UK the construction sector underpins our economy and society and it is forecast to grow by 14.1% to reach £166,765 million in 2022, with construction output in the UK expected to reach £227,627.2 million by 2026. ![]()
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