Best value procurement in the construction industry - Revision history

Editor at 16:49, 5 January 2022

2022-01-05T16:49:35Z

← Older revision		Revision as of 16:49, 5 January 2022
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	Being data driven, best value procurement simplifies the decision making process. This minimises the influence of vendors in the procurement process and maximises the power of the procurer.		Being data driven, best value procurement simplifies the decision making process. This minimises the influence of vendors in the procurement process and maximises the power of the procurer.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Best value.		* Best value.
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	* Contract award.		* Contract award.
	* Invitation to tender.		* Invitation to tender.
		+	* Most advantageous tender MAT.
	* Most Economically Advantageous Tender (MEAT).		* Most Economically Advantageous Tender (MEAT).
	* Public procurement.		* Public procurement.

Designing Buildings: moved Best value procurement to Best value procurement in the construction industry

2021-02-10T10:10:08Z

moved Best value procurement to Best value procurement in the construction industry

← Older revision

Revision as of 10:10, 10 February 2021

Designing Buildings at 10:09, 10 February 2021

2021-02-10T10:09:34Z

← Older revision		Revision as of 10:09, 10 February 2021
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	* Tender price appraisal.		* Tender price appraisal.

−	[[Category:Client_procedures]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Client_procedures]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Designing Buildings at 06:27, 14 April 2020

2020-04-14T06:27:11Z

← Older revision		Revision as of 06:27, 14 April 2020
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	= Introduction =		= Introduction =

−	The best value procurement (BVP) approach is a method of purchasing construction ~~and~~ services. It ~~weighs numerous options~~, such as quality, reliability and expertise, ~~other~~ than price.	+	The best value procurement (BVP) approach is a method of purchasing construction works, services and so on. It considers criteria, such as quality, reliability and expertise, rather than just price to assess value.

	= History =		= History =

−	This method was developed by Performance Based Studies Research Group (PBSRG) in the United States (where it is most commonly used). It is also practised in the United Kingdom and the Netherlands, where it is referred to as ‘prestatie inkoop’ or performance procurement.	+	This method was developed by the Performance Based Studies Research Group (PBSRG) in the United States (where it is most commonly used). It is also practised in the United Kingdom and the Netherlands, where it is referred to as ‘prestatie inkoop’ or performance procurement.

	= BVP or MEAT? =		= BVP or MEAT? =

−	The idea behind best value procurement is to compare the long term costs and benefits associated with the vendor selection process. It is similar to the Most Economically Advantageous Tender (MEAT) principle, and both ~~can~~ use ~~the following~~ assessment criteria:	+	The idea behind best value procurement is to compare the long term costs and benefits associated with the vendor selection process. It is similar to the Most Economically Advantageous Tender (MEAT) principle, and both use assessment criteria such as:

−	* Quality	+	* Quality.
−	* Price or cost using a cost-effectiveness approach	+	* Price or cost using a cost-effectiveness approach.
−	* Technical merit	+	* Technical merit.
−	* Aesthetic and functional characteristics	+	* Aesthetic and functional characteristics.
−	* Accessibility	+	* Accessibility.
−	* Social characteristics	+	* Social characteristics.
−	* Environmental characteristics	+	* Environmental characteristics.
−	* Innovative characteristics	+	* Innovative characteristics.
−	* After-sales service and technical assistance	+	* After-sales service and technical assistance.
−	* Delivery conditions such as date, process and period	+	* Delivery conditions such as date, process and period.

−	In addition to MEAT criteria,best value procurement also ~~integrates~~ the ~~prospect of~~ eliminating (or ~~at least~~ minimising) ~~risks~~, so procurement decisions are made based on predictability ~~as well~~. Best value procurement assigns ~~values~~ to each ~~procurement component~~ - including reliability- and vendors or contractors are scored on ~~these components~~. Decisions are based on the final tally.	+	In addition to MEAT criteria, best value procurement also assesses the potential for eliminating (or minimising) risk, so procurement decisions are made based on predictability. Best value procurement assigns weightings to each criteria - including reliability- and vendors or contractors are scored on each. Decisions are based on the final tally.

	= The process =		= The process =
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	There are four phases of the best value procurement process::		There are four phases of the best value procurement process::

−	# Preparation	+	# Preparation.
−	# Selection	+	# Selection.
−	# Clarification	+	# Clarification.
−	# Execution	+	# Execution.

−	Being data driven, best value procurement simplifies the decision making process~~, which is based on efficiency and expertise~~. This minimises the influence ~~and input~~ of vendors in the procurement process and maximises the ~~powers~~ of ~~procurement professionals~~.	+	Being data driven, best value procurement simplifies the decision making process. This minimises the influence of vendors in the procurement process and maximises the power of the procurer.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 10:20, 9 April 2020

2020-04-09T10:20:06Z

← Older revision		Revision as of 10:20, 9 April 2020
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	* Most Economically Advantageous Tender (MEAT).		* Most Economically Advantageous Tender (MEAT).
	* Public procurement.		* Public procurement.
		+	* Risk in building design and construction.
	* Selection criteria.		* Selection criteria.
	* Tender evaluation.		* Tender evaluation.

Editor at 10:08, 9 April 2020

2020-04-09T10:08:03Z

← Older revision		Revision as of 10:08, 9 April 2020
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−	[[File:Procurement_option_1280.jpg\|link=File:Procurement_option_1280.jpg]]Introduction	+	[[File:Procurement_option_1280.jpg\|link=File:Procurement_option_1280.jpg]]
		+
		+	= Introduction =

	The best value procurement (BVP) approach is a method of purchasing construction and services. It weighs numerous options, such as quality, reliability and expertise, other than price.		The best value procurement (BVP) approach is a method of purchasing construction and services. It weighs numerous options, such as quality, reliability and expertise, other than price.
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	= BVP or MEAT? =		= BVP or MEAT? =

−	The idea behind ~~Best Value Procurement~~ is to compare the long term costs and benefits associated with the vendor selection process. It is similar to the Most Economically Advantageous Tender (MEAT) principle, and both can use the following assessment criteria:	+	The idea behind best value procurement is to compare the long term costs and benefits associated with the vendor selection process. It is similar to the Most Economically Advantageous Tender (MEAT) principle, and both can use the following assessment criteria:

	* Quality		* Quality
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	* Delivery conditions such as date, process and period		* Delivery conditions such as date, process and period

−	In addition to MEAT criteria, ~~Best Value Procurement~~ also integrates the prospect of eliminating (or at least minimising) risks, so procurement decisions are made based on predictability as well. Best ~~Value Procurement~~ assigns values to each procurement component - including reliability- and vendors or contractors are scored on these components. Decisions are based on the final tally.	+	In addition to MEAT criteria,best value procurement also integrates the prospect of eliminating (or at least minimising) risks, so procurement decisions are made based on predictability as well. Best value procurement assigns values to each procurement component - including reliability- and vendors or contractors are scored on these components. Decisions are based on the final tally.

−	= The ~~Best Value Procurement~~ process =	+	= The process =

−	There are four phases of the ~~Best Value Procurement~~ process::	+	There are four phases of the best value procurement process::

	# Preparation		# Preparation
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	# Execution		# Execution

−	Being data driven, ~~BVP~~ simplifies the decision making process, which is based on efficiency and expertise. This minimises the influence and input of vendors in the procurement process and maximises the powers of procurement professionals.	+	Being data driven, best value procurement simplifies the decision making process, which is based on efficiency and expertise. This minimises the influence and input of vendors in the procurement process and maximises the powers of procurement professionals.

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =

Editor at 10:04, 9 April 2020

2020-04-09T10:04:01Z

← Older revision		Revision as of 10:04, 9 April 2020
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−	= [[File:~~Procurement option 1280~~.jpg]]Introduction =	+	[[File:Procurement_option_1280.jpg\|link=File:Procurement_option_1280.jpg]]Introduction

	The best value procurement (BVP) approach is a method of purchasing construction and services. It weighs numerous options, such as quality, reliability and expertise, other than price.		The best value procurement (BVP) approach is a method of purchasing construction and services. It weighs numerous options, such as quality, reliability and expertise, other than price.
Line 6:		Line 6:

	This method was developed by Performance Based Studies Research Group (PBSRG) in the United States (where it is most commonly used). It is also practised in the United Kingdom and the Netherlands, where it is referred to as ‘prestatie inkoop’ or performance procurement.		This method was developed by Performance Based Studies Research Group (PBSRG) in the United States (where it is most commonly used). It is also practised in the United Kingdom and the Netherlands, where it is referred to as ‘prestatie inkoop’ or performance procurement.
−
−

	= BVP or MEAT? =		= BVP or MEAT? =
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	The idea behind Best Value Procurement is to compare the long term costs and benefits associated with the vendor selection process. It is similar to the Most Economically Advantageous Tender (MEAT) principle, and both can use the following assessment criteria:		The idea behind Best Value Procurement is to compare the long term costs and benefits associated with the vendor selection process. It is similar to the Most Economically Advantageous Tender (MEAT) principle, and both can use the following assessment criteria:

−	* Quality.	+	* Quality
−	* Price or cost using a cost-effectiveness approach.	+	* Price or cost using a cost-effectiveness approach
−	* Technical merit.	+	* Technical merit
−	* Aesthetic and functional characteristics.	+	* Aesthetic and functional characteristics
−	* Accessibility.	+	* Accessibility
−	* Social characteristics.	+	* Social characteristics
−	* Environmental characteristics.	+	* Environmental characteristics
−	* Innovative characteristics.	+	* Innovative characteristics
−	* After-sales service and technical assistance.	+	* After-sales service and technical assistance
−	* Delivery conditions such as date, process and period.	+	* Delivery conditions such as date, process and period

	In addition to MEAT criteria, Best Value Procurement also integrates the prospect of eliminating (or at least minimising) risks, so procurement decisions are made based on predictability as well. Best Value Procurement assigns values to each procurement component - including reliability- and vendors or contractors are scored on these components. Decisions are based on the final tally.		In addition to MEAT criteria, Best Value Procurement also integrates the prospect of eliminating (or at least minimising) risks, so procurement decisions are made based on predictability as well. Best Value Procurement assigns values to each procurement component - including reliability- and vendors or contractors are scored on these components. Decisions are based on the final tally.
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	* Tender evaluation.		* Tender evaluation.
	* Tender price appraisal.		* Tender price appraisal.
−
−

	[[Category:Client_procedures]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:Client_procedures]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 10:02, 9 April 2020

2020-04-09T10:02:46Z

← Older revision		Revision as of 10:02, 9 April 2020
Line 1:		Line 1:
−	= Introduction =	+	= [[File:Procurement option 1280.jpg]]Introduction =

−	The best value procurement (BVP) approach is a method of purchasing construction and services ~~that reviews several factors~~, such as quality and expertise, other than price.	+	The best value procurement (BVP) approach is a method of purchasing construction and services. It weighs numerous options, such as quality, reliability and expertise, other than price.

	= History =		= History =

−	This method was developed by Performance Based Studies Research Group (PBSRG) in the United States (where it is most commonly used)~~. It originated from the dissertation of Dr Dean Kashiwagi at Arizona State University in 1991~~. It is also practised in the United Kingdom and the Netherlands, where it is referred to as ‘prestatie inkoop’ or performance procurement.	+	This method was developed by Performance Based Studies Research Group (PBSRG) in the United States (where it is most commonly used). It is also practised in the United Kingdom and the Netherlands, where it is referred to as ‘prestatie inkoop’ or performance procurement.
		+
		+
		+
		+	= BVP or MEAT? =
		+
		+	The idea behind Best Value Procurement is to compare the long term costs and benefits associated with the vendor selection process. It is similar to the Most Economically Advantageous Tender (MEAT) principle, and both can use the following assessment criteria:
		+
		+	* Quality.
		+	* Price or cost using a cost-effectiveness approach.
		+	* Technical merit.
		+	* Aesthetic and functional characteristics.
		+	* Accessibility.
		+	* Social characteristics.
		+	* Environmental characteristics.
		+	* Innovative characteristics.
		+	* After-sales service and technical assistance.
		+	* Delivery conditions such as date, process and period.
		+
		+	In addition to MEAT criteria, Best Value Procurement also integrates the prospect of eliminating (or at least minimising) risks, so procurement decisions are made based on predictability as well. Best Value Procurement assigns values to each procurement component - including reliability- and vendors or contractors are scored on these components. Decisions are based on the final tally.
		+
		+	= The Best Value Procurement process =

	There are four phases of the Best Value Procurement process::		There are four phases of the Best Value Procurement process::
Line 14:		Line 35:
	# Execution		# Execution

−	= ~~BVA vs MEAT~~ =	+	Being data driven, BVP simplifies the decision making process, which is based on efficiency and expertise. This minimises the influence and input of vendors in the procurement process and maximises the powers of procurement professionals.
		+
		+	= Related articles on Designing Buildings Wiki =

−	~~The idea behind BVA is~~ to ~~compare the long term costs and benefits in the vendor selection process~~. ~~While it is built on the~~ Most Economically Advantageous Tender (MEAT) ~~principle, there are some differences between the two~~ procurement ~~methods~~. ~~Both approaches look beyond cost, but BVP also integrates the prospect of eliminating (or at least minimising) risks so decision are made based on predictable factors~~.	+	* Best value.
		+	* Bid evaluation.
		+	* Competitive tender.
		+	* Contract award.
		+	* Invitation to tender.
		+	* Most Economically Advantageous Tender (MEAT).
		+	* Public procurement.
		+	* Selection criteria.
		+	* Tender evaluation.
		+	* Tender price appraisal.

−	For instance, values are assigned to each component procurement component - price, past performance, schedule and vision. Reliability, environmental impacts and social benefits are other factors that can be inorporated into the equation. Vendors or contractors are scored on these components, and decisions are based on the final tally.

−	Being data driven, BVP attempts to simplify the decision making process, which is based on efficiency and expertise. This minimises the influence and input of vendors in the procurement process and maximises the powers of procurement professionals.

−	[[Category:~~Articles_needing_more_work~~]]	+	[[Category:Client_procedures]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 17:01, 8 April 2020

2020-04-08T17:01:14Z

← Older revision		Revision as of 17:01, 8 April 2020
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	= BVA vs MEAT =		= BVA vs MEAT =

−	The idea behind BVA is to compare the long term costs and benefits in the vendor selection process. While it is built on the	+	The idea behind BVA is to compare the long term costs and benefits in the vendor selection process. While it is built on the Most Economically Advantageous Tender (MEAT) principle, there are some differences between the two procurement methods. Both approaches look beyond cost, but BVP also integrates the prospect of eliminating (or at least minimising) risks so decision are made based on predictable factors.

−	~~Most Economically Advantageous Tender (MEAT) principle~~, ~~there~~ are ~~some differences between the two~~ procurement ~~methods~~. ~~Both approaches look beyond cost~~, ~~but BVP also integrates~~ the ~~prospect of eliminating (~~or ~~at least minimising) risks to make better~~ decisions based on ~~predictable factors~~.	+	For instance, values are assigned to each component procurement component - price, past performance, schedule and vision. Reliability, environmental impacts and social benefits are other factors that can be inorporated into the equation. Vendors or contractors are scored on these components, and decisions are based on the final tally.

−	For instance, decisions are based on price, past performance, schedule, and vision, with values assigned to each component. Reliability, environmental impacts and social benefits are other factors to incorporate into the equation.	+	Being data driven, BVP attempts to simplify the decision making process, which is based on efficiency and expertise. This minimises the influence and input of vendors in the procurement process and maximises the powers of procurement professionals.
−		+
−	~~Vendors or contractors are scored on these components, and the decision is based on the final tally.~~ Being data driven, BVP attempts to simplify the decision making process.	+
−		+
−	~~The goal of BVA is to minimise~~ the influence and input of vendors in the procurement process~~. Efficiency~~ and ~~expertise are optimised to deliver better results~~.	+

	[[Category:Articles_needing_more_work]]		[[Category:Articles_needing_more_work]]

Editor: Created page with "= Introduction = The best value procurement (BVP) approach is a method of purchasing construction and services that reviews several factors, such as quality and expertise, other..."

2020-04-08T16:56:13Z

Created page with "= Introduction = The best value procurement (BVP) approach is a method of purchasing construction and services that reviews several factors, such as quality and expertise, other..."

New page

= Introduction =

The best value procurement (BVP) approach is a method of purchasing construction and services that reviews several factors, such as quality and expertise, other than price.

= History =

This method was developed by Performance Based Studies Research Group (PBSRG) in the United States (where it is most commonly used). It originated from the dissertation of Dr Dean Kashiwagi at Arizona State University in 1991. It is also practised in the United Kingdom and the Netherlands, where it is referred to as ‘prestatie inkoop’ or performance procurement.

There are four phases of the Best Value Procurement process::

# Preparation
# Selection
# Clarification
# Execution

= BVA vs MEAT =

The idea behind BVA is to compare the long term costs and benefits in the vendor selection process. While it is built on the

Most Economically Advantageous Tender (MEAT) principle, there are some differences between the two procurement methods. Both approaches look beyond cost, but BVP also integrates the prospect of eliminating (or at least minimising) risks to make better decisions based on predictable factors.

For instance, decisions are based on price, past performance, schedule, and vision, with values assigned to each component. Reliability, environmental impacts and social benefits are other factors to incorporate into the equation.

Vendors or contractors are scored on these components, and the decision is based on the final tally. Being data driven, BVP attempts to simplify the decision making process.

The goal of BVA is to minimise the influence and input of vendors in the procurement process. Efficiency and expertise are optimised to deliver better results.

[[Category:Articles_needing_more_work]]