Construction Procurement and Contracting Committee
Procurement is a critical function to the effectiveness of organizations leveraging their capital spend in a manner that provides the highest value. The ability to drive value to an organization through the utilization of effective procurement can be a significant differentiator and competitive advantage for organizations.
Construction Procurement and Contracting Committee Objectives
The construction procurement and contracting committee will be responsible for guiding, developing and implementing the construction procurement efficiency efforts of CURT. The committee will achieve this objective through the following actions:
Recommend implementation projects
Recommend, in cooperation with the CURT members and the committee to approve two to four implementation projects to focus on in the upcoming year. The recommendation will contain a proposed action plan and budget.
Work to drive adoption in the industry of the implementation projects
Work closely with the committee to execute the plan to drive adoption in the industry of the implementation projects approved by the CURT Board.
Conduct industry performance surveys
Conduct periodic surveys of the CURT membership and other industry stakeholders to benchmark industry performance to help set priorities and gauge the effectiveness of the efforts to drive the implementation of CURT’s top initiatives.
Revenue Opportunities Specific to Procurement
Future revenue opportunities for CURT specific to this topic may be:
- Integration of principles into COMM
- Provide a document similar to the Owner Safety Blueprint (OSB) that is focused on the different aspects of procurement, with an overarching “lens” of “What Does a Good Procurement Organization Look Like?” and/or what are key questions your organization should ask of your procurement function
- Standalone procurement training sessions, similar to OSB training
- A series of Lunch and Learns on the topic of procurement
- Leveraging this resource as a marketing tool for membership development
- Develop and produce a quarterly summit to disseminate the information and deliverables to the construction community
- Create other resources as identified by the committee and the CURT Board
Committee Focus Areas
- Measuring supplier performance
- Contracts: moving from weapon to tool in the relationship
- Acquisition processes: proper timing and reverse scheduling
- Cost segregation modeling:
- total cost of ownership
- Gate & RACI utilization: process and alignment
- Procurement HR team adjustments
- Alignment of KPIs between stakeholders (internal/external)
About CURT Active Member Committees
In order to create a competitive advantage and provide aggressive leadership for construction users around the globe, CURT has established working committees and task forces—led by CURT member leaders—to address core initiatives that affect the construction industry on a daily basis.
The CURT Executive Committee appoints committee and task force chairs and co-chairs annually. CURT forms ad hoc committees as needed to address critical issues.