Abstract

The Best Value Approach (BVA) has been in research and development for 30 years [1992 – 2022]. The approach has been successfully tested in the procurement of over 2,000 projects [98% customer satisfaction, minimized contractor change orders to 1% and reduced cost of 5 to 30%] (PBSRG, 2022). The BVA has been successful in delivering construction projects but has not been sufficiently tested in the delivery of contractual services. In 2018, a large organization tested the BVA on procuring recycling services. In 2019, the organization ran a second BVA test to procure the delivery of janitorial products to 7,000 facilities. The BVA utilizes the use of performance information to identify and utilize expertise to dramatically reduce their cost. The case study shows how a vendor can use performance information to define their expertise and value. The paper tracks the performance of the expert vendor for three years [2019 – 2021]. The case study also shows the value of the expert vendor’s project manager as the project manager was the only person in the vendor’s organization who understood the importance of using performance information.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.