FOR IMMEDIATE RELEASE
June 5, 2003
For more information, contact:
Dennis M. Bradshaw
Executive Director
E-Mail: dbradshaw@newhorizonsfoundation.org
Tel: (703) 222-9001

CONSTRUCTION INDUSTRY EXAMINES
PROCUREMENT CHAIN MANAGEMENT

CHANTILLY, VIRGINIA - The New Horizons Foundation (NHF) – A Sheet Metal Industry Initiative has joined forces with the Electrical Contracting Foundation to fund an immediate project focused on securing credible information on direct purchasing of materials and labor-only contracts.

The leadership of both construction industry foundations recognized that there is currently no comprehensive database that clearly defines the impact of various procurement strategies. The NHF Board authorized a financial investment in this effort and will participate in a contractor-led task force to oversee and guide the research project.

Following a review of proposals submitted by top universities and research institutions, Motor Consultants of America has been selected to conduct the research under the direction of Dr. Parviz Daneshgari, President of the firm.

The project’s main components include identifying the ramifications of alternative procurement approaches; identifying positive alternatives to the direct purchase approach; and outlining a framework for participants in the traditional procurement process to collaborate on alternatives that will be beneficial to all. The final report is scheduled for release in October 2003.

The New Horizons Foundation provides industry leadership and financial resources for investigative studies and educational programs of value to the sheet metal and air conditioning contracting industry. Projects are selected and implemented annually, based upon recommendations from contractors in the field, industry association leaders, and academic recommendations from universities and research institutes throughout North America.

For additional information, contact Dennis Bradshaw, Executive Director, via e-mail at dbradshaw@newhorizonsfoundation.org or by telephone at (703) 222-9001.