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

doi:10.1061/(ASCE)ME.1943-5479.0000337

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

^*Corresponding author for this work

Design, Manufacturing And Engineering Management

Research output: Contribution to journal › Article › peer-review

11 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 language	English
Article number	06014005
Number of pages	6
Journal	Journal of Management in Engineering
Volume	31
Issue number	5
Early online date	11 Aug 2014
DOIs	https://doi.org/10.1061/(ASCE)ME.1943-5479.0000337
Publication status	Published - 1 Sept 2015

Keywords

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

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10.1061/(ASCE)ME.1943-5479.0000337

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

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Keywords

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