Fixed Budget-Best Value Procurement Method and Case Studies for Transportation Projects

9 pages•Published: December 11, 2023

Abstract

As the highway construction industry faces significant challenges in rehabilitating aging infrastructure and meeting growing traffic volumes, delivering projects within available funds becomes far more critical. Fixed budget-best value (FB-BV), also known as “design-to-costs”, allows state departments of transportation (DOTs) to generate more amount of work while achieving the best value for dollars expended. This paper aims to investigate practices of FB-BV for highway projects in state DOTs and analyze case studies of FB-BV procurement contracting strategies. This study presents practices and case studies related to FB-BV procurement contracting strategies in four state highway agencies including, Idaho, Michigan, Utah, and Colorado. This paper reviewed the current state of practices in the FB-BV procurement method and identified best practices in utilizing this innovative contracting method. The results showed that defining the basic configuration scope, defining additional scope elements, and establishing rigorous evaluation criteria and their weights are critical for successfully delivering projects with the FB-BV contracting strategy. The findings of this study contribute to the state of knowledge and practice of the FB-BV procurement method and help state DOTs establish an effective process for implementing the FB-BV contracting method under a strict budget.

Keyphrases: design build, fixed budget best value, highway project, innovative project delivery

In: Tom Leathem, Wes Collins and Anthony Perrenoud (editors). Proceedings of 59th Annual Associated Schools of Construction International Conference, vol 4, pages 668-676.

Links:	https://easychair.org/publications/paper/3qVz
	https://doi.org/10.29007/th8v

BibTeX entry

@inproceedings{ASC2023:Fixed_Budget_Best_Value,
  author    = {Minsoo Baek and Baabak Ashuri},
  title     = {Fixed Budget-Best Value Procurement Method and Case Studies for Transportation Projects},
  booktitle = {Proceedings of 59th Annual Associated Schools of Construction International Conference},
  editor    = {Tom Leathem and Wes Collins and Anthony Perrenoud},
  series    = {EPiC Series in Built Environment},
  volume    = {4},
  publisher = {EasyChair},
  bibsource = {EasyChair, https://easychair.org},
  issn      = {2632-881X},
  url       = {/publications/paper/3qVz},
  doi       = {10.29007/th8v},
  pages     = {668-676},
  year      = {2023}}

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