In construction procurement, lead time is the period between:
Correct answer: A. Placing an order and receiving the required item
- A. Placing an order and receiving the required item
- B. Starting excavation and completing the foundation
- C. Submitting a tender and opening the bids
- D. Measuring completed work and making payment
Explanation
Lead time covers the waiting period from placing an order until the material, equipment or service becomes available for use. Delays in lead time can disrupt the construction programme even when site work is ready.
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About Construction Management and Estimation
Construction management covers planning, scheduling, resource control, contracts, procurement, site organisation, safety, quality assurance and project documentation. Estimation includes quantity take-off, rate analysis, bill preparation, valuation and cost control, with attention to the difference between direct and indirect costs and between an estimate, a tender and a final account.
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