The term “Best Value,” typically applied when procuring a fixed-price design-build project, is a process for owners to obtain services from design-build firms and contractors, where price is not the only criteria for selection.
An owner’s choice of delivery method and procurement approach invariably influences the level of success of a project’s outcome. To be successful, owners should perform a comprehensive assessment of project requirements to establish a clear understanding of its objectives, expectations, capabilities, and priorities. Individually or together, these attributes guide selection of the most appropriate project delivery method. The selected project delivery method, in turn, affects the duration, complexity and cost of procurement.