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Developing an information exchange scheme concerning value for money assessment in Public-Private Partnerships

Ren, Guoqian, Li, Haijiang, Ding, Rui, Zhang, Jisong, Boje, Calin and Zhang, Weishuai 2019. Developing an information exchange scheme concerning value for money assessment in Public-Private Partnerships. Journal of Building Engineering 25 , 100828. 10.1016/j.jobe.2019.100828

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Abstract

Value for money (VFM) as the procurement justification assessment approach in Public-Private Partnerships (PPP) essentially justify the overall project feasibility in both qualitative and quantitative ways. However, the performance measurement in VFM still lacks automation and information exchange schema. Concerning the project management domain within the Architectural–Engineering–Construction/Facility Management (AEC/FM) sectors, Building Information Modelling (BIM) is emerging as a potential solution for owners to automate the process of value for money assessment. Based on the published performance structure in PPP procurement, This paper develops a novel schema to formalize the information exchange needed to support data extraction and performance measurement. The schema was achieved by referencing the standardised Information Delivery Manual (IDM), which specifies the required information exchanges. This proposed method facilitates the automatic VFM assessment thus benefit the PPP procurement. Software development and case study model are presented towards the validation of the schema and methods employed.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Engineering
Publisher: Elsevier
ISSN: 2352-7102
Date of First Compliant Deposit: 29 June 2019
Date of Acceptance: 8 June 2019
Last Modified: 02 Jul 2019 23:29
URI: http://orca.cf.ac.uk/id/eprint/123833

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