A BIM-based value for money assessment in public-private partnership: an overall review

Ren, Guoqian, Li, Haijiang ORCID: https://orcid.org/0000-0001-6326-8133 and Zhang, Jisong 2020. A BIM-based value for money assessment in public-private partnership: an overall review. Applied Sciences 10 (18) , 6483. 10.3390/app10186483

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Abstract

Public-private partnerships (PPPs) have proliferated and adapted to public development in recent decades; within it, the value for money (VfM) assessment defines the feasibility of the project procurement model as one of the essential components of PPP. However, evaluating the VfM in PPPs remains problematic. Given concerns about PPP profitability, a more integrated VfM evaluation is urgently needed to manage multiple indicators along the project lifecycle. Building information management (BIM), popular in architecture, engineering, and construction, provides resources that could support the VfM to a great extent. This paper uses a review approach to identify the current issues that are affecting VfM assessments and suggests that BIM, functioning throughout the PPP lifecycle, could support decision-making in VfM processes in order to satisfy service targets.

Item Type:	Article
Date Type:	Published Online
Status:	Published
Schools:	Engineering
Publisher:	MDPI
ISSN:	2076-3417
Date of First Compliant Deposit:	17 September 2020
Date of Acceptance:	11 September 2020
Last Modified:	26 Mar 2024 09:05
URI:	https://orca.cardiff.ac.uk/id/eprint/134906

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