Raw Material Procurement for Construction Projects

OfBusiness
3 min readAug 2, 2021

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Raw Material Procurement for Construction Projects,

It takes a lot of calculations to procure materials for the construction process. OfBusiness plans and executes the raw material procurement through the strategic sourcing of e-procurement systems which makes complex supply chains function in a better way. This also helps in making the relationships between contractors and traders stronger. It is a known fact that streamlining the process of raw material procurement at each level has become a necessity in today’s world and our procurement company can help you manage this aspect.

We can help you find the most viable options for your raw material procurement requirements while presenting all the pros and cons of every contractor you come across in the process of finalizing a deal for procurement. According to our expertise and experience in digitalizing this raw material procurement process through our smart procurement system, we have some recommendations for our consumers which can help them further to receive the best digital procurement services :

Considering procurement at the initial stages

You should always look forward to procuring raw materials for your project from the initial stages itself. Engaging at the initial stages will help you work on maintaining a relationship with the suppliers/contractors and will help you in developing qualities like honesty, respect, trust, mutual benefit, etc. Through this method, you will be able to track the history and reliability of a supplier/contractor in a raw material procurement process.

Comparing the project with the price of procurement

The main point of raw material procurement is not to obtain the raw materials at the lowest price possible but to obtain the right quality and quantity of goods at the right price from the right supplier. The buyer should focus on qualities like availability, reliability, storage, transportation, etc to find their best option.

The buyer should also focus on grouping and categorizing the materials at the initial stages of the project so that both the buyer and supplier can reach a common ground for rates and quantities of the materials. Also, there is a need to monitor the rates of the materials following the market prices.

Choose the best option for your procurement process.

You can find many good options to avail a specific raw material procurement process specific to your construction project. It depends on the size of the project as to who needs to be employed for this role. First, the right structure needs to be set by the SME or the construction company itself.

The construction company must understand the fact that not all companies will be able to provide them with the flexible services that they are looking for. They should be clear about their requirements and only then should consider who fits in their criteria.

We at OfBusiness believe in providing the best of our capabilities through our expertise in digital procurement through our strategic sourcing in digital raw material procurement services, which will help your project to move above many set benchmarks through a more fluent process.

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OfBusiness
OfBusiness

Written by OfBusiness

OfBusiness is a technology-driven SME financing platform that adds value to SME’s business beyond financing through its raw material fulfilment engine.

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