An Overview of Risk Allocation and Procurement Decisions (Part 3) Procurement Strategy
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The aim of this course is to outline the major areas of risk in construction projects, and some of the methods of dealing with these risks when procuring construction works.
After studying this course, you should be able to:-
1. Detail how the apportionment of risk can help to decide which form of contract to use, and what to consider in terms of contract structure and procurement.
2. Identify and choose procurement methods, identify procurement principles, define a procurement strategy for a project and explore exit strategies.