Does Design & build or Management Procurement methods or strategies can improve the system of traditional procurement method. why ? and what ? and How ?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
100%

 Does Design & build or Management Procurement methods or strategies can improve the system of traditional procurement method. why ? and what ? and How ? 

Thank you helping me  thank a lot  hope i can get those ans 

(ps : the below is traditional procurement Method dis )

 

List the disadvantages (min 5 points) of traditional procurement approach
Traditional procurement refers to the process of procuring materials, that
separates designs from the construction Follewing are the disadvantages of
the traditional method of the procurement:
It is a time-consuming process as it relies heavily on the physical
involvement of individuals to get the work done.
Traditional procurement involves the culmination of repetitive tasks that
leads to a decline in overall efficiency.
The traditional procurement method doesn't go well in a market structure
that is dynamic, due to its rigid approach.
This procurement method increases the duration of the project or may lead
to delayed delivery, because of low efficiency.
This process doesn't take any input from the contractors into the process of
design.
The ideal way to overcome these challenges is to transform the approach from
manual t automation, such as e-procurement software. This will lead to
increased speed in automation and save time and effort. The e-procurement is
highly transparent method, as it keeps a clear automated record of the process.
Transcribed Image Text:List the disadvantages (min 5 points) of traditional procurement approach Traditional procurement refers to the process of procuring materials, that separates designs from the construction Follewing are the disadvantages of the traditional method of the procurement: It is a time-consuming process as it relies heavily on the physical involvement of individuals to get the work done. Traditional procurement involves the culmination of repetitive tasks that leads to a decline in overall efficiency. The traditional procurement method doesn't go well in a market structure that is dynamic, due to its rigid approach. This procurement method increases the duration of the project or may lead to delayed delivery, because of low efficiency. This process doesn't take any input from the contractors into the process of design. The ideal way to overcome these challenges is to transform the approach from manual t automation, such as e-procurement software. This will lead to increased speed in automation and save time and effort. The e-procurement is highly transparent method, as it keeps a clear automated record of the process.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Politics
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education