Construction Industry Council - Annual Report 2024

CONSTRUCTION INDUSTRY COUNCIL 152 OPERATIONAL REVIEW Way Forward With the engagement of an external consultant to streamline processes within the procurement cycle, the Procurement Department strives for higher efficiency in processes and operations. Additionally, we are further enhancing procurement digitalisation, and plan to leverage Large Language Model (LLM) AI solutions to better understand and meet procurement requirements for all CIC colleagues. These initiatives will ensure more efficient procurement processes, aligning with our commitment to continuous improvement. Project and Supplier Management The Procurement Department assists the Project Committee with administrative tasks while ensuring that all projects adhere to the Project Management Handbook (Non-Capital Projects). Additionally, the Department maintains and expands the supplier database and regularly reviews suppliers’ performance.