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• W4297541988 abstract "AbstractProcurement is the complete process of distributing responsibilities among stakeholders, organizations as well as all those contributing towards the clients’ satisfaction. The procurement method plays a major role in the construction industry. The application of the wrong procurement method could cause an unnecessary increment in the total cost for the client, disrupting outlined project schedules and creating undesirable situations for the client. Thus, selection of the most suitable procurement method is important for the success of any construction project. Selection of a procurement system usually takes long time due to consideration of numerous factors. However, analysing key procurement factors is helpful for clients who have limited time to finish the project. Hence, this research focuses on finding the most suitable procurement selection factors for private-sector commercial building projects in Sri Lanka. A comprehensive literature review was carried out to acquire the knowledge on existing procurement methods and procurement selection factors. Thereafter, the study incorporated expert interviews to identify, analyse, and validate the key procurement selection factors. Purposive sampling was selected as the sampling technique, and 13 experts were interviewed through online. The main four procurement systems were identified as traditional, integrated, management oriented, and collaborative procurement systems. Each procurement method has different characteristics which make them different from one another. The selection of a procurement method is different due to various procurement selection factors which vary from project to project. These factors include speed, cost, quality, risk allocation, responsibility, accountability, price certainty, and market competition for the project, regulatory environment, public accountability, culture, government policy, disputes and arbitration, availability of experience contractor, policy or objective of organization, technology, and many more. Within the context of Sri Lanka, speed, nature, scope, and complexity, price certainty, and risk and responsibility were revealed as the most important procurement selection factors. Moreover, these procurement selection factors were identified as key factors internationally.KeywordsProcurementProcurement selection factorsPrivate sectorCommercial building" @default.
• W4297541988 created "2022-09-29" @default.
• W4297541988 creator A5032700458 @default.
• W4297541988 creator A5052278742 @default.
• W4297541988 date "2022-09-29" @default.
• W4297541988 modified "2023-09-27" @default.
• W4297541988 title "Key Procurement Selection Factors for Sri Lankan Private-Sector Commercial Building Projects" @default.
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• W4297541988 doi "https://doi.org/10.1007/978-981-19-2886-4_51" @default.
• W4297541988 hasPublicationYear "2022" @default.
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