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.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on February 11, 2021.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
W.C. Benton, Jr.
The Ohio State University
- The Edwin D. Dodd professor of management, and professor of operations and supply chain management in the Fisher College of Business at The Ohio State University
- Teaches courses in purchasing/supply management, manufacturing planning and control, operations analysis, facility design and the business of health care to M.B.A. and doctoral candidates
- Partner in W.C. Benton and Associates, a construction management consulting firm
- Published more than 200 articles in the areas of purchasing management, inventory control, supply chain management, quality assurance, materials management and health care
- Frequent speaker and recognized operations management researcher
- Worked as a sourcing consultant for companies throughout the world, including Australia, Canada, China, India, New Zealand, Korea, Taiwan, Hong Kong, Japan, Vienna, and the United States
- Served as an expert witness for the private and public sector procurement cases
- Doctorate in operations and systems management, and quantitative business analysis, Indiana University in Bloomington, Indiana
- Can be contacted at 614-292-8868, fisher.osu.edu/people/benton.1, or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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