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

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

Authors

Junhong Park

Udechukwu Ojiako

Max Chipulu

Alasdair Marshall

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.

Journal Article Type Article
Publication Date 2015-09
Journal Journal of management in engineering
Print ISSN 0742-597X
Electronic ISSN 1943-5479
Publisher American Society of Civil Engineers
Peer Reviewed Peer Reviewed
Volume 31
Issue 5
Institution Citation Park, J., Ojiako, U., Williams, T., Chipulu, M., & Marshall, A. (2015). Practical tool for assessing best value at the procurement stage of public building projects in Korea. Journal of management in engineering, 31(5), doi:10.1061/(ASCE)ME.1943-5479.0000337
DOI https://doi.org/10.1061/%28ASCE%29ME.1943-5479.0000337
Keywords Best value, Construction management, Analytic hierarchy process , Korea
Publisher URL http://dx.doi.org/10.1061/(ASCE)ME.1943-5479.0000337
Additional Information Authors' accepted manuscript of article published in: Journal of management in engineering, 2014, v.31, issue 5

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