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State Aid Best Value Procurement
Best Value (BV) is a procurement process where price and other key factors can be considered in the evaluation and selection process to minimize impacts and enhance the long-term performance and value of construction.
Other key factors/criteria to consider may include:
- Quality performance
- On-budget performance
- Ability to minimize change orders
- Ability to prepare plans
- Technical capacity and qualifications
Although BV is another tool to address tighter project deadlines and increasing pressure to deliver high-quality projects at a lower cost, it should not be used as a method of restricting competition or applying arbitrary or unreasonable discretion in the selection of contractors. When determining the criteria that your stakeholders feel are most critical to a successful project, keep in mind that the Best Value Process chosen must be justifiable and defensible.
Resources
Additional Resources
- Best Value Procurement (ppt)
- Best Value Adobe Connect Session 12-2-2012
- LRRB Innovative Contracting
- MnDOT Office of Innovative Contracting
- NCHRP Report 561 - Best Value Procurement Method for Highway Construction Projects
- State Law