How is procurement strategy developed for construction projects?

Procurement strategy addresses: (1) Make vs buy - self-perform or subcontract decision based on capability, risk, cost, (2) Packaging - grouping work into bid packages for market efficiency, (3) Timing - long-lead items ordered early, sequencing with design, (4) Prequalification - verifying contractor capability before bidding, (5) Contract type selection - lump sum for defined scope, unit price for variable quantities, (6) Evaluation criteria - low price vs best value, (7) Local requirements - minority participation, local hiring. Strategy balances competition, risk, schedule, and project objectives.