Management

Introduction to Building Procurement

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The construction industry and projects forming the built environment involve many activ-
ities. According to Section 105 of the Housing Grants, Construction and Regeneration
Act (1996), a construction project can refer to any building activity that includes altera-
tion, repair, erection, demolition, maintenance, painting, land clearing, earth moving,
grading, excavating, trenching, digging, boring, drilling, blasting, concreting and instal-
lation of machinery. The construction sector is very important to both the UK economy
and other Western economies, as in most years it accounts for approximately 8–10 per
cent of gross domestic product (GDP). In the UK more specically the construction
sector employs around 1.5 million people. The falling value of building procurement has
been mirrored in the slow down of building activity since the most recent recession. In
the rst quarter of 2009 only £258 million worth of deals were recorded in the building
sector compared to £7.2 billion during the rst quarter of 2007. Future upturns in the
economy will no doubt see a return to growth and procurement in the sector, although
a return to the levels of output experienced prior to recession is uncertain. As a result,
the signicance for building procurement during negative or slow economic growth will
be its drive for efciency, effectiveness, and value for money.

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Detail Information

Series Title

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Call Number

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Publisher

: ., 2011

Collation

1-273

Language

English

ISBN/ISSN

978-0-415-48215-8

Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

Introduction to Building Procurement

Specific Detail Info

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Statement of Responsibility

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