Project Procurement A Real World Guide to Procurement Skills
By AJAY BHARGOVE
“Project Procurement” – A real world guide to Procurement Skills
INTRODUCINGNegotiations, Procurement, Supplier Management
Experience First Pages
If you are a beginner in supply chain management or buying,
then you will find this chapter an important building block for
understanding the rest of the chapters of this book; experienced
procurement professionals will find this chapter to be a refresher
of knowledge previously gained.
This chapter covers the following topics:
• Project Stages
• Procurement Life Cycle and Importance in Project
• Types of Procurement
• Budgets and Reserves
Figure 2.1 depicts the complete life cycle of supplier management,
which starts from supplier identification. Once the supplier is se-
lected, they will be qualified and subsequently evaluated during
the complete life cycle phases of the project, which are, in general,
classified as pre-award, execution, and warranty phase (closing).
Once the supplier has been evaluated for all the phases of the
project life cycle, they can be classified as the preferred supplier,
or categorized based on the organization’s methodology of clas-
3.3.1 Single-Part Bidding
Single-part bidding is a way to invite all the details into a single
techno-commercial offer, which may involve a technical offer as
well as a commercial offer. This kind of bidding is practiced to
reduce the procurement cycle time and is generally used for re-
quirements with fewer technicalities.
Read Reviews by My Readers
" This book is well written and I highly recommend it for the bookshelf of any PMP or aspiring PMP. The author is insightful and the cited real-world examples are relatable, notable and provide guidance capable of fitting most scenarios."
" I believe anyone who currently works in procurement as well as those looking to gain a deeper knowledge of procurement in general would find this book incredibly useful. Also, newly certified PMPs could utilize this book for it quick reference potential and knowledge gain."
" Auteur is a monthly book review publication distributed to 400,000 avid readers through subscribing bookstores & public libraries."
Smile what is more important
by Ajay Bhargove