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Alvanchi, A, Lee, S and AbouRizk, S (2012) Dynamics of Working Hours in Construction. Journal of Construction Engineering and Management, 138(01), 66–77.

Bakhoum, E S and Brown, D C (2012) Developed Sustainable Scoring System for Structural Materials Evaluation. Journal of Construction Engineering and Management, 138(01), 110–9.

Bemelmans, J, Voordijk, H, Vos, B and Buter, J (2012) Assessing Buyer-Supplier Relationship Management: Multiple Case-Study in the Dutch Construction Industry. Journal of Construction Engineering and Management, 138(01), 163–76.

Bo, X and Chan, A P C (2012) Investigation of Barriers to Entry into the Design-Build Market in the People’s Republic of China. Journal of Construction Engineering and Management, 138(01), 120–7.

El-Diraby, T E (2012) Epistemology of Construction Informatics. Journal of Construction Engineering and Management, 138(01), 53–65.

Han, S, Lee, S and Peña-Mora, F (2012) Identification and Quantification of Non-Value-Adding Effort from Errors and Changes in Design and Construction Projects. Journal of Construction Engineering and Management, 138(01), 98–109.

Jarkas, A M (2012) Buildability Factors Influencing Concreting Labor Productivity. Journal of Construction Engineering and Management, 138(01), 89–97.

Ji, S, Park, M and Lee, H (2012) Case Adaptation Method of Case-Based Reasoning for Construction Cost Estimation in Korea. Journal of Construction Engineering and Management, 138(01), 43–52.

Kim, B and Hong, T (2012) Revised Case-Based Reasoning Model Development Based on Multiple Regression Analysis for Railroad Bridge Construction. Journal of Construction Engineering and Management, 138(01), 154–62.

Leung, M and Chan, I Y S (2012) Exploring Stressors of Hong Kong Expatriate Construction Professionals in Mainland China: Focus Group Study. Journal of Construction Engineering and Management, 138(01), 78–88.

Lhee, S C, Issa, R R A and Flood, I (2012) Prediction of Financial Contingency for Asphalt Resurfacing Projects using Artificial Neural Networks. Journal of Construction Engineering and Management, 138(01), 22–30.

Shrestha, P P, O’Connor, J T and Gibson, G E (2012) Performance Comparison of Large Design-Build and Design-Bid-Build Highway Projects. Journal of Construction Engineering and Management, 138(01), 1–13.

Song, X, Peña-Mora, F, Menassa, C C and Arboleda, C A (2012) Insurance as a Risk Management Tool for ADR Implementation in Construction Disputes. Journal of Construction Engineering and Management, 138(01), 14–21.

Taghaddos, H, AbouRizk, S, Mohamed, Y and Hermann, U (2012) Simulation-Based Auction Protocol for Resource Scheduling Problems. Journal of Construction Engineering and Management, 138(01), 31–42.

Yang, H, Chan, A P C, Yeung, J F Y and Li, Q (2012) Concentration Effect on Construction Firms: Tests of Resource Partitioning Theory in Jiangsu Province (China) from 1989 to 2007. Journal of Construction Engineering and Management, 138(01), 144–53.

Yu, W and Wang, K (2012) Best Value or Lowest Bid? A Quantitative Perspective. Journal of Construction Engineering and Management, 138(01), 128–34.

  • Type: Journal Article
  • Keywords: Contractors; Bids; Procurement; Construction management; Contractor selection; Procurement; Best value; Quantitative model;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000414
  • Abstract:
    In contrast to traditional price-dominated lowest bid (LB) procurements, best value (BV) procurements select contractors most advantageous to the clients, taking into consideration not only prices but also other factors. Decisions on whether LB or BV approach should be adopted are difficult ones. There is yet to be any objective model developed to back up such decisions. This paper proposes an index named price elasticity of performance (PEP) that may serve as a quantitative measure to reach an objective decision. The theoretical model construction of PEP is also described. Two measures in the individual and market levels of PEP are defined. A design/build construction project is selected as a working example to demonstrate the applicability of the proposed method. Potential applications and limitations of the proposed method are also addressed. It is concluded that the proposed PEP method has the potential to resolve the dilemma of pursuing efficiency and avoiding violation of regulations in traditional procurements.

Zerjav, V, Hartmann, T and Javernick-Will, A (2012) Internal Governance of Design and Engineering: The Case of the Multinational Firm. Journal of Construction Engineering and Management, 138(01), 135–43.