Best Value Procurement: The best bid wins the bidding process!

This book offers a fascinating look at instructive failures that serve as cautionary tales. It begins with some fascinating examples from around the globe, including European wind turbines that remained unused and a bridge in South Africa that had to be built twice! The Aerotrain project for Kuala Lumpur International Airport and the extended development of Berlin BER Airport offer further fascinating insights. At the heart of this book are the procurement procedures according to the “”best value principles,”” which are sure to delight and inspire! It dives deep into the legal framework, exploring the challenges from the provider’s perspective and taking a close look at the procurement process. The differences between the best value and lowest bidder principles are explained in a way that is easy to understand. The evaluation criteria, such as transparency, price, financial performance, references, standards, and sustainability, are presented in detail. Finally, the benefits of applying best value principles in the private and business sectors are explained in a way that is engaging and inspiring, encouraging readers to embrace the potential for better results and sustainability. —- ISBN: 9798303877078 | ISBN10: B0DQPMZ1KT | ISBN-13: 979-8303877078