Last edited 14 Sep 2020

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:

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.’

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