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CIB Conferences

Abstract

The Best Value Approach (BVA) has been researched and developed for 25 years in the procurement and project management sectors. It has documented test projects showing a high level of performance for organizations. Although the approach has been successful, changes in technology continue to alter the landscape of the procurement industry. BVA 4.0 was created to adapt the approach to meet current industry demands. In this paper, the researcher wanted to better understand the impact of the changes of BVA 4.0 and better understand its implications. BVA 4.0 was tested ith an organization to determine whether it is an improvement to BVA. The test project was a high profile air mobility project for a government organization. The organization found great results from test project and procured the service 4-6 months faster than with their own process. During the process, the organization reverted to their traditional process and only used a portion of the BVA 4.0. This initial test showed that the BVA 4.0 was an improvement to BVA with no negative sideaffects from the changes. The BVA 4.0 was able to eliminate time, and effort in the procurement process. More research needs to be conducted to determine the performance of BVA 4.0 and verify the results of the case study.

The paper will be presented:

Online

Primary U.N. Sustainable Development Goals (SDG)

Industry, Innovation and Infrastructure - - Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Secondary U.N. Sustainable Development Goals (SDG)

Sustainable Cities and Communities - - Make cities and human settlements inclusive, safe, resilient and sustainable

Primary CIB Task Group OR Working commission

W117 – Performance Measurement in Construction

Secondary CIB Task Group OR Working commission

W118 – Clients and Users in Construction

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