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46 TABLE 2.21. Summary of advisory board responses regarding best-value rating systems. Average ease of Number That Had Used Average Success Rating Implementation Rating Best-Value Rating Systems It (1=none; 5=absolute) (1=effortless; 5=difficult) Satisficing 1 3 2 Modified Satisficing 2 3.5 3 Adjectival Rating 1 3 3 Direct Point Scoring 4 3.5 3.5 TABLE 2.22. Summary of advisory board responses regarding best-value award algorithms. Average Success Average Ease of Number That Rating Implementation Rating Best-Value Award Algorithm Had Used It (1=none; 5=absolute) (1=effortless; 5=difficult) Meets Technical Criteria--Low Bid 1.0 2.0 2.0 Adjusted Bid 3.0 3.7 3.3 Adjusted Score 2.0 4.0 3.5 Weighted Criteria 1.0 3.0 4.0 Cost-Technical Tradeoff 0.0 n/a n/a Fixed Cost-Best Proposal 1.0 3.0 3.0 2.8 Summary of Findings in terms of their relative advantages and disadvantages. A highway industry survey was conducted to introduce best- This chapter has defined the state of the industry for best- value concepts, gauge the level of experience of highway users, value procurement methods. Current trends in practices and and obtain additional case study and performance data. legislation are paving the way for widespread use of best- Lastly, best-value procurement use in the highway industry value procurement for highway construction projects. The was benchmarked though a nationwide survey of state trans- four key best-value concepts--parameters, evaluation crite- portation agencies. ria, evaluation rating systems, and award algorithms--have Chapter 3 addresses the development of a recommended been defined in this research and presented in this chapter. best-value system, criteria for screening projects, and strate- The application of these concepts was validated through 50 gies for implementation. Ultimately, the best-value pro- summary level and 14 detailed best-value case studies from all curement system must include appropriate criteria, rating sectors of public construction both nationally and interna- systems, and algorithms tailored to the project to ensure that tionally. The universe of evaluation criteria, rating systems, the best-value system truly adds value to the products of and award algorithms were defined, categorized, and analyzed construction.