Key points
| 1. | Value-based procurement should be adopted at an organisational level and driven through a portfolio approach to projects and programmes. |
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| 2. | Evaluation should focus on value rather than simply cost. Contracting authorities should evaluate bids for public works projects and programmes by determining the most economically advantageous tender (MEAT) based on their published award criteria. | |
| 3. | Make use of the new social value framework and upcoming Project Scorecard to design fair, open and transparent evaluation criteria. | |
| 4. | Use a robust definition of whole life value, Should Cost Models and benchmarking, to identify value drivers early in the project lifecycle and then ensure they are translated into evaluation criteria. |
| Want to know more? | |
| 1. | The Green Book: appraisal and evaluation in central government. |
| 2. | Bid Evaluation Guidance Note. This was designed for public services, however it provides useful guidance for other markets. |
| 3. | Taking Account of Social Value in the Award of Central Government Contracts - PPN06/20 |
| 4. | Construction Leadership Council - Procuring for Value provides recommendations for how government, clients and industry can maximise the impact of the Construction Sector Deal by a change in approach to procurement. |
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