Targeting optimum value in public sector projects through “best value”‐focused contractor selection
Engineering, Construction and Architectural Management
ISSN: 0969-9988
Article publication date: 1 December 2003
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.
Keywords
Citation
Palaneeswaran, E., Kumaraswamy, M. and Ng, T. (2003), "Targeting optimum value in public sector projects through “best value”‐focused contractor selection", Engineering, Construction and Architectural Management, Vol. 10 No. 6, pp. 418-431. https://doi.org/10.1108/09699980310509390
Publisher
:MCB UP Ltd
Copyright © 2003, MCB UP Limited