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Targeting optimum value in public sector projects through “best value”‐focused contractor selection

Targeting optimum value in public sector projects through “best value”‐focused contractor selection Procuring best value should be one of the key objectives in public sector construction projects. Best value depends upon sound "selection" strategies which ensure that the outlined project procurement objectives, including client/user demands are met. Examples of "best value" procurement are presented to demonstrate their usefulness and acceptance in principle. Further conceptualizations of various aspects of best value and the "dominance vectors" influencing the ultimate value definitions are developed, in accordance with basic public sector procurement principles. Presents a structured best value based contractor selection framework to optimize realizable value in public sector construction projects. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Engineering Construction & Architectural Management Emerald Publishing

Targeting optimum value in public sector projects through “best value”‐focused contractor selection

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References (56)

Publisher
Emerald Publishing
Copyright
Copyright © 2003 MCB UP Ltd. All rights reserved.
ISSN
0969-9988
DOI
10.1108/09699980310509390
Publisher site
See Article on Publisher Site

Abstract

Procuring best value should be one of the key objectives in public sector construction projects. Best value depends upon sound "selection" strategies which ensure that the outlined project procurement objectives, including client/user demands are met. Examples of "best value" procurement are presented to demonstrate their usefulness and acceptance in principle. Further conceptualizations of various aspects of best value and the "dominance vectors" influencing the ultimate value definitions are developed, in accordance with basic public sector procurement principles. Presents a structured best value based contractor selection framework to optimize realizable value in public sector construction projects.

Journal

Engineering Construction & Architectural ManagementEmerald Publishing

Published: Dec 1, 2003

Keywords: Construction works; Value chain; Public finance

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