What is the primary function of procurement in construction cost management?

The primary function of procurement in construction cost management is to procure the necessary materials and services while effectively managing costs. This involves identifying, selecting, and acquiring the resources needed for a project, which includes everything from raw materials to subcontracted services. Proper procurement plays a crucial role in ensuring that the project stays within budget and schedule.

Procurement processes are designed to secure the best possible value for materials and services, which directly influences the overall cost management of the project. This includes evaluating suppliers, negotiating contracts, and establishing supply chain logistics, all of which are essential for maintaining control over project expenses.

In contrast, other options involve different aspects of the construction process. Finalizing designs and plans relates to design management, safety inspections focus on ensuring compliance with safety regulations on job sites, and overseeing the construction process pertains to project management. While all these elements are important in a construction project, they do not encapsulate the core responsibilities associated with procurement.