Material Procurement in Construction Projects

The owner must pay for the material at the time of specification

The owner must agree on a price for the material

The owner must sign a commitment letter with the material vendor

The owner must have the material delivered to the project site immediately (correct)

Savings from negotiating a better price for the material (correct)

Savings from the owner paying for the material immediately

Savings from the material vendor inflating its price

Savings from avoiding a delay in material delivery

Assisting the owner in negotiating a better price for the material

Assisting the owner in purchasing material at the time of specification

Assisting the owner in signing a commitment letter with the material vendor

Assisting the owner in identifying material that can be advantageously purchased (correct)

<p>The material vendor inflating its price to reflect future rises in cost</p> Signup and view all the answers

<p>No, other processes also allow the owner to purchase material at the time of specification</p> Signup and view all the answers