2017
DOI: 10.1061/(asce)me.1943-5479.0000535
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Using Best-Value Procurement to Measure the Impact of Initial Risk-Management Capability on Qualitative Construction Performance

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Cited by 37 publications
(22 citation statements)
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“…In the projects, this was even taken one step further as both were tendered using Best Value Procurement. This procurement method is designed to reduce risk and increase project value through a transparent and interactive dialogue between the government and the private contractor before the contract is awarded (Perrenoud et al, 2017). In these interactions, government demands are matched with private parties' feasibility estimations, which means that the project is developed by both the government as principal and the private contractor as agent.…”
Section: Discussionmentioning
confidence: 99%
“…In the projects, this was even taken one step further as both were tendered using Best Value Procurement. This procurement method is designed to reduce risk and increase project value through a transparent and interactive dialogue between the government and the private contractor before the contract is awarded (Perrenoud et al, 2017). In these interactions, government demands are matched with private parties' feasibility estimations, which means that the project is developed by both the government as principal and the private contractor as agent.…”
Section: Discussionmentioning
confidence: 99%
“…ATCs are a tool that agencies can use to derive best value in a project by allowing DB proposers to consider innovative means, methods, and materials that draw from the proposers' capabilities (MoDOT 2017) and develop risk mitigation plans (Perrenoud et al 2017) to control costs. Agencies seek to introduce innovation into DB projects in many ways.…”
Section: Alternative Technical Conceptsmentioning
confidence: 99%
“…CD procedure has five phases; preparation, pre-qualification, dialogue, evaluation & selection, and execution, see Best Value Procurement (BVP) BVP is a procurement method that focuses on gaining the best value for the lowest costs (Snippert et al 2015). A fundamental concept in BVP is the focus on selecting the supplier with the offer that is most advantageous to the client where price and other factors are considered (Elyamany 2010).There are different models of BVP (Perrenoud et al 2017). This paper explores the BVP model that was introduced by Dean Kashiwagi in 1991 as bestvalue performance information procurement system (BV-PIPS).…”
Section: Competitive Dialogue (Cd)mentioning
confidence: 99%