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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.
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.
Targeting optimum value in public sector projects through “best value”-focused contractor selection
Palaneeswaran, Ekambaram (author) / Kumaraswamy, Mohan (author) / Ng, Thomas (author)
Engineering, Construction and Architectural Management ; 10 ; 418-431
2003-12-01
14 pages
Article (Journal)
Electronic Resource
English
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