Practical tool for assessing best value at the procurement stage of public building projects in Korea

Junhong Park, Udechukwu Ojiako, Terry Williams, Max Chipulu, Alasdair Marshall

Research output: Contribution to journalArticlepeer-review

10 Citations (Scopus)

Abstract

This paper presents a practical tool for articulating best value criteria during the procurement of public-sector building projects in Korea. Data is obtained from sampling 180 stakeholders drawn mainly from a pool of government construction and project management experts in the Republic of Korea. The Analytical Hierarchy Process (AHP) is employed to rank emergent value criteria. The study finds that best value judgments are (1) multi-faceted assessments of stakeholder most needs; (2) mitigated by project characteristics; and (3) span functional and aesthetic considerations.

Original languageEnglish
Article number06014005
Number of pages6
JournalJournal of Management in Engineering
Volume31
Issue number5
Early online date11 Aug 2014
DOIs
Publication statusPublished - 1 Sept 2015

Keywords

  • analytic hierarchy process
  • best value
  • construction management
  • Korea
  • public building projects
  • building projects
  • project management

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