Academic Paper: What is Procurement
What is Procurement?
Procurement refers to the merging of activities involved in the construction of a building. There three most common methods of project procurement namely design and build, management contracting and traditional method. The smart home program used the CM at risk method as its delivery method.
CM is a term used globally to describe the relationship between the construction manager, the client and the designer. This delivery method involves the commitment by the construction manager to complete the project within a guaranteed maximum price. The construction manager plays the role of a general contractor during the construction phase but acts as a consultant to the client when designing the building (Mincks, Johnston, 2004).
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