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, 10(6), pp. 418-431. ISSN 0969-9988
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | construction works; contract costs; public finance; value chain |
| Index terms: | project procurement, construction work, strategy, public sector, contractor selection, public sector procurement, value chain, best value, construction project |
| Subjects: | administrative law, management, bidding, production management, tendering, contractual arrangements, operations management, value chain strategy |
| Topics: | Legal Issues, Project Management, Procurement, Supply Chain Management, Business Strategy |
| Descriptive scope: | 2 PC |
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