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WHITE PAPER: EXPLORING PROCUREMENT IN THE CONSTRUCTION INDUSTRY | Chartered Institute of Building (CIOB)

The key findings from this report indicate that construction professionals view procurement as absolutely crucial to the
delivery of a project on time, on budget and to a high quality, with 87% of respondents of the belief that good procurement
is synonymous with a successful project. 82% of respondents believe that “suicide bidding” exists within the industry, a worrying statistic that highlights the dangers of selecting a very low bid at tender stage.

 

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