Construction Spend Category Strategic Sourcing Services

Corcentric’s Construction Strategic Sourcing team can help your company design and administer efficient and effective sourcing projects that deliver sustainable savings in the construction spend category.

Construction projects are complex. Managing several stakeholders, all having different requirements and expectations to address, can be difficult without the right structure or support behind you. Securing budgets and the timing of the release of those funds can impact your delivery schedule. Although supply bases are large for architectural, engineering, and construction management companies, individual trade supply bases can be very narrow – and trades, material, and installation of equipment typically account for 80% of the overall construction project costs. There is a time investment required to build the best construction team with the right local capabilities, available resources, similar culture and competitive pricing. Contract and project delivery modeling must be decided.   On-site vs prefabricated construction, scheduling of trades and installation of materials, obtaining work permits and necessary zoning approvals and Supplier Diversity, Environmental /Sustainability requirements must be considered.

In short, completion of any stage of a construction project is the result of a multitude of interdependent tasks being delivered on schedule.

Corcentric’s Construction Category Managers can help. Our Construction Strategic Sourcing SMEs have sourced a wide range of construction projects from small, mid-size, and large projects and programs – across categories including Architectural Firms, Engineering Firms, Construction Management Firms, and multiple trades. Corcentric’s Construction Procurement experts will deliver category sourcing (to establish best-fit supply chains), contract and construction sourcing project management (to capture cost savings, improve quality, mitigate risks, build knowledge capital to leverage for future projects and support corporate objectives), and construction supplier performance management (to assess and continuously improve the construction supply chain).

With Corcentric’s Construction Strategic Sourcing team, your company will:

• Optimize construction project cost savings and curtail construction budget overruns
• Reduce owner liability and improve safety by boosting collaboration between the owner, design, and construction teams
• Increase Construction category oversight and accountability
• Enhance construction spend visibility and improve predictability of estimating new projects costs and schedules
• Develop and report of required data to support corporate supplier diversity and sustainability objectives

Whether you are building a facility from the ground up or refurbishing current space,  Corcentric’s Construction Strategic Sourcing experts can help. Contact Corcentric’s Construction Category Subject Matter Experts today.