3alternative, more strategic approaches to procurement to be proposed. Within this context, you are tasked to do a critical review of attempts at building wider values into the procurement process. The focus should be on what is meant by value.Secondly you should explain and synthesise the current advocated strategic approaches to procurement(including for example the guidance of the Infrastructure Procurement Route-mapand the wide array of Framework Arrangements, available in the market-place). Finally,youshould alsodiscuss in detail how firms in the construction industry could be considering how their current business modelcan help them addressthe changing procurement approaches, and whether they need to change their business model to capitalize on these changes.You are encouraged to discuss cases and real project examples in building your arguments. You may choose toapply the learning from the module directly into your currentor recent work-place.Word count:Your assessment should be no more than 3000words long.This includes every word, excluding only: any initial contents/title page, and the reference list(s) located at the very end of your submission. Only the first 3000 words (as defined above) will be marked.Any words you write in excess of 3000(as defined above) will be ignored.Marking criteria:ASSESSMENT CRITERIAMarks for your assessment will be allocated as follows:•Critical analysis of the attempts at building wider values into the procurement process. The focus should be on what is meant by value-25%•Synthesis of the current advocated strategic approaches to procurement available in the market-place-30%•Discussionofhow firms in the construction industry could be considering how their current business modelcan help them address the changing procurement approaches, and whether they need to change their business model to capitalize on these changes-30%