Transformational procurement model for managing megaprojects
- Publication Type:
- Conference Proceeding
- ANZAM 2016, 2016
- Issue Date:
Adaptation of current procurement management practices is required to deliver projects in a rapidly changing environment. Construction projects historically go over budget, result in litigation, often failing to meet client expectations as a result of ineffective contract management. This paper proposes an innovative framework for major construction project selection, procurement, and implementation. Three opportunities will be identified and discussed. First, employ an experienced project manager at the earliest stage of the project. Second, appoint consultants to complete the design before a competitive tender is held. Third, separately contract the design and construction of the project. The paper suggests that combining these opportunities can lower the risk of project failure and ultimately deliver benefits through effective management of major construction projects.
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