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

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.

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), https://doi.org/10.1061/%28ASCE%29ME.1943-5479.0000337

• Journal Article Type: Article
• Acceptance Date: Jul 11, 2014
• Online Publication Date: Aug 11, 2014
• Publication Date: 2015-09
• Deposit Date: May 12, 2015
• Publicly Available Date: May 12, 2015
• Journal: Journal of management in engineering
• Print ISSN: 0742-597X
• Publisher: American Society of Civil Engineers
• Peer Reviewed: Peer Reviewed
• Volume: 31
• Issue: 5
• DOI: https://doi.org/10.1061/%28ASCE%29ME.1943-5479.0000337
• Keywords: Best value, Construction management, Analytic hierarchy process , Korea
• Public URL: https://hull-repository.worktribe.com/output/373700
• 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
• Contract Date: May 12, 2015