A Study On The Procurement Management Of Construction Projects In Company C

Throughout the project life cycle, project management agencies gather multiplenatural person or organizations, and have them work together for the project. Theultimate objective is closely related to procurement decision, sourcing methodology,timing and contract model. Obviously, purchase management determines the success ofthe project.Today, China’s socialist market economic system has been set up and keepsimproving. Project bidding contract system, contract management system, project legalperson responsibility system, and the construction supervision system have laid down agood foundation for the overall mechanism. Procurement and contract managementhas become the core of overall project management. More and more people haverealized its great impact. Any ignorance or mistake in the process will result in a painfulcost. A lot of evidence has proved that it is critical to adopt a complete procurementmanagement process and methodology.This article identifies key challenges in construction procurement projectmanagement of company C. Accordingly, recommended solutions are raised up. Theanalysis has covered a wide range from the style of the company, the characteristic of itsconstruction projects, the existing project management process, project organizationstructure, and current contract management status. A lot of theories and methodologyon procurement management, contract management, and risk management have beenapplied to arrive at the proposal. The analysis has covered a wide range of topics,from the style of the company, the characteristic of its construction projects, the existingproject management process, to project organization structure and current contractmanagement status.Key proposals are:1) improve the procurement organization;2) establish procurement management database;3) establish mechanisms for procurement team development4) implement project procurement milestones control methods;5) improve the evaluation system after purchase;6) strengthen risk management in procurement process;...