Best-Value Procurement Methods for Highway Construction Projects (2006) / Chapter Skim
Currently Skimming:
Pages 13-17
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 13... ...
A long-standing concern expressed by public owners, however, is that low bid, while promoting competition and a fair playing field, may not result in the best value for dollars expended or the best performance during and after construction. As noted in the research problem statement for NCHRP Project 10-61, the low-bid system encourages contractors to implement cost-cutting measures instead of quality enhancing measures, which makes it less likely that contracts will be awarded to the best-performing contractors who will deliver the highest quality projects.
|
From page 14... ...
Respondents were also asked to provide performance outcomes for projects using best-value procurement, in some cases compared with traditional low-bid selection. The products of the Task 1 identification of best-value procurement methods included a common definition and conceptual framework for best value; identification of the universe of parameters, evaluation criteria, award algorithms, and rating systems used for best value; and a baseline of projects and compendium of case studies from which to evaluate the effectiveness of the various methods.
|
From page 15... ...
Though the existing meets technical criteria -- low bid appears to be the simplest and most compatible with the traditional low-bid, design-bid-build process -- the preference for a more flexible approach to combining best-value parameters in an award system required that the team explore variations on the other existing algorithms or potentially new algorithms for award. Task 4 thus further refined the best-value model, assessing whether it was possible to reduce the number of variables in the best-value procurement system or develop and evaluate a new approach or approaches to a best-value procurement system.
|
From page 16... ...
The NCHRP research team used information from this scan and additional information from a subsequent international survey to enhance the results of the data collection previously described. Specifically, the data provided more measurable best-value parameters in the area of qualifications, quality, and design alternates.
|
From page 17... ...
4. An implementation plan that includes a project screening system for selecting candidate projects, and a step-by-step process for selecting appropriate parameters, criteria, and award algorithms.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.