Alternative Procurement: How to Set Yourself Up for Success
Alternative procurement, which includes project delivery methods such as construction manager/general contractor (CMGC), construction management-at-risk (CMAR), progressive design build and integrated project delivery (IPD), is pushing industry stakeholders to emphasize collaboration and high-value preconstruction solutions in their projects. Collaborating and executing projects more effectively is particularly critical in today’s infrastructure space, where many owners face drastic budget shortfalls, risk mitigation concerns, intense schedule pressures and resource constraints.
Whether you are already operating in the alternative procurement space or ready to make your first foray into it, there are three pillars that underpin a strategic approach for E&C companies of all sizes and across all verticals.
To position your company, you'll need to leverage:
- People
- Processes
- Infrastructure
As alternative procurement gains popularity, you'll need to integrate it as a key strategic priority to win work via this method.
