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Sponsored by Lorman Education
Product ID: 407181EAU
 
Credit & Course Provided by:

The Bridge Between Supply Chain and Construction

OnDemand Webinar (87 minutes)

Learn how to implement profitable construction supply chain management and avoid the potential risks.The construction process has changed in complexity over time; the primary objective of the industry is basically the same as it was 100 years ago: to build infrastructure, roads, schools, homes, hospitals, factories and other businesses. In 2019, approximately $4 trillion was spent in the United States in the construction industry. Construction sourcing risk involves all of the entities in the supply chain: the project owner, architect, general contractor, prime contractor, subcontractors, materials suppliers and equipment providers. The potential for mistakes and problems is magnified by the interrelationships between these entities.

Authors

W.C. Benton Jr., The Ohio State University

Agenda

Introduction

Manufacturing Risk vs. Construction Risk

Types of Construction Projects

• Vertical

• Horizontal

Supply Chain Management and Competitive Construction Operations

• Supply Chain Partnerships

• Traditional vs. Relational Construction Operations

• The Construction Sourcing Process

- Labor

- Materials

- Equipment

Construction Supply Chain Relationship Management

Construction Materials Sourcing

Subcontractor Selection, Evaluation and Monitoring

Preparation of the Bid Package/Request for Quotations

The Competitive Bidding Process

• The Competitive Bidding Trap

• Bidding Not to Get a Job

Contract Types and Pay Items

• Lump Sum Contracts

• Unit Price Contracts

• Design-Build Contracts

• Negotiated Contracts

• Private Public Partnerships

Construction Equipment Planning

• Buying Strategies

• Leasing Strategies

Construction Supply Chain Business Models

• Private Sector

• Public Sector

Implementation of a Profitable Construction Supply Chain Management System