Acquisition in the construction industry
The term 'acquisition' is a very broad one that refers to the process of acquiring all, or part of a tangible or intangible asset or capability.
In the construction industry, acquisition might refer to:
- The acquisition of one company by another.
- Site selection and acquisition.
- Land acquisition.
- Compulsory acquisition.
- The acquisition of skills.
- The acquisition of other services or assets, such as plant acquisition.
The glossary of statistical terms, published by the Organisation for Economic Co-operation and Development (OECD), states: ‘Goods (including assets) and services are acquired by institutional units when they become the new owners of the goods or when the delivery of services to them is completed.’
STAR Procurement (a shared procurement service for Rochdale, Stockport, Tameside and Trafford Councils), Glossary of Terms, published in May 2019, suggests that acquisition is a wider concept than procurement: ‘…it is the over-arching ‘whole life-cycle’ process, of which the procurement process is a sub-section. Involving suppliers in acquisition; particularly in the pre-procurement phase can add value to the procurement process.’
[edit] Related articles on Designing Buildings
Featured articles and news
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.
70+ experts appointed to public sector fire safety framework
The Fire Safety (FS2) Framework from LHC Procurement.
Project and programme management codes of practice
CIOB publications for built environment professionals.
The ECA Industry Awards 2024 now open !
Recognising the best in the electrotechnical industry.
Sustainable development concepts decade by decade.
The regenerative structural engineer
A call for design that will repair the natural world.
Buildings that mimic the restorative aspects found in nature.
CIAT publishes Principal Designer Competency Framework
For those considering applying for registration as a PD.
BSRIA Building Reg's guidance: The second staircase
An overview focusing on aspects which most affect the building services industry.
Design codes and pattern books
Harmonious proportions and golden sections.
Introducing or next Guest Editor Arun Baybars
Practising architect and design panel review member.
Quick summary by size, shape, test, material, use or bonding..
Comments
[edit] To make a comment about this article, or to suggest changes, click 'Add a comment' above. Separate your comments from any existing comments by inserting a horizontal line.