Procurement Routes and the Different Formats of Tendercontract Documents - Dissertation Example

As the discussion stresses procurement is the acquisition of goods and services for use and benefits of individuals or governments and corporations, obtained with the help of terms and contracts. Procurement is guided by certain factors such as services provided within a fixed budget or goods obtained by using economic analysis or cost analysis. According to the research findings procurement methods are characterized by application for tenders and different forms of contracts and tender documents are used and the methods of procurement have significant implications for small to medium sized contractors.

The economic or cost analysis of procurement is seen in terms of risks or without risks. When risks are involved the analysis shows expected outcomes or values for a specific product or service. Organizations have procurement policies and strategies in place that aid in procurement of goods and services through planned and informed management decisions to help businessmen, clients and organizations alike. Procurement policies are focused on meeting corporate or organizational goals and objectives in which council or corporations, organizations, business clients, suppliers and contracts derive maximum support and mutual advantage for long term business and professional relationships.

All workforce issues are considered in procurement activity and focus should be given on maximizing purchasing power and in ensuring fair competition in all procurement activity. . plication for tenders and different forms of contracts and tender documents are used and the methods of procurement have significant implications for small to medium sized contractors. The economic or cost analysis of procurement is seen in terms of risks or without risks. When risks are involved the analysis shows expected outcomes or values for a specific product or service.

Organizations have procurement policies and strategies in place that aid in procurement of goods and services through planned and informed management decisions to help businessmen, clients and organizations alike. Procurement policies are focused on meeting corporate or organizational goals and objectives in which council or corporations, organizations, business clients, suppliers and contracts derive maximum support and mutual advantage for long term business and professional relationships (Turner, 1997; Marsh, 2003).

All workforce issues are considered in procurement activity and focus should be given on maximizing purchasing power and in ensuring fair competition in all procurement activity. Procurement activities will also have to consider opportunities for social enterprise and continuous improvements in project implementation and sustainability. Usually resource members are responsible for strategic implementation of procurement. Procurement activities must comply with the best practice processes and procurement sponsors should provide feedback on the procurement process to the procurement support unit.

Procurement activity and policy works in this manner and requires teamwork, and arrangement between suppliers, contractors and corporations. We consider a case study on the procurement policy of the Liverpool Council which states the principles of procurement policy are as follows:To ensure