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.
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 Wiki
Featured articles and news
Variable refrigerant flow markets
BSRIA explores US share of 2020 VRF market.
New fire safety requirement comes into force.
Different types of bridges are meant to move.
A logical approach to handling the internal voice of self doubt.
First fashionable in the US, decorative metal has become globally desirable.
Helping communities preserve and enhance historic environments.
Creating comfortable climates despite extreme temperatures.
Can flexwork apply to engineering services?
Study examines how adjustable arrangements can succeed.
Government announces plans to improve accessibility.
CLC publishes dispute resolution guidance
Resource addresses pandemic-related NEC4 contract issues.
Incorporating EDI into the provision of fair access.
Government announces global innovation strategy.