The Best Value approach is a procurement and risk management approach that focuses on gaining high value for the lowest costs (Kashiwagi, 2014). In the Best Value approach the client minimizes direction and releases control over the vendor, since the vendor is the expert. This system also focuses on making the vendor accountable for the project, due to the owner minimizing direction and decision making on the project. In recent years Best Value (BV) has gained popularity in the Netherlands. From 2006 to 2013 the Best Value approach has been applied over 200 times, with a budget spend over €2B. In this Webinar the application of Best Value in the Netherlands is covered.
Creators of the Performance Information Procurement System (PIPS) and Performance Information Risk Management System (PIRMS); this combination of pre-award and post-award functions makes this approach unlike any other. It increases efficiency and performance, while minimizing risk. Unlike the traditional price-based model which requires more management, increases risk, and decreases value. The webinar highlights the innovative best value approach coming from a 20 year study from Arizona State University that has proven results (1600+ projects, $5.7Billion, 98% client satisfcation). Results also show a 10% to 30% cost savings for the client by using Best Value.
Low Income Housing in Indonesia: Examples of New Concepts
This CIB Innovation Webinar takes place under the responsibility of CIB Commission W110 - Informal Settlement and Affordable Housing. The presentations in the webinar cover the following new concepts: low income housing for the fishermen, low income housing for kampung dwellers in the inner city areas, and low income flats for squatter dwellers.
Using BIM to Enhance Construction Safety and Health
Building Information Modelling (BIM) is a digital representation of physical and functional characteristics of a facility. A BIM is a shared knowledge resource for information about a facility forming a reliable basis for decisions during its life cycle (see BIM Standard at http://www.nationalbimstandard.org/faq.php). The growing implementation of BIM has brought many benefits to building design and construction planning, and has been found potential tool for promoting safety throughout a building’s life cycle. The webinar highlights innovative applications of BIM in design, planning and on the construction site in support of Construction Safety and Health.