|
|
 |
Awarding contracts to the low bidder, based on lowest
evaluated price alone, is a common practice that can produce
false economies. Best Value Contracting is a system that
allows owners to evaluate bids on price plus factors such
as a contractor's history of performance on past jobs,
the economic benefits for the community, the availability
of a trained workforce and many other factors. Relying
solely on the lowest price can lead to subsequent default,
late deliveries, and numerous change orders or other unsatisfactory
performance resulting in additional contractual or administrative
cost. On the other hand, when project owners use alternative
contracting systems that incorporate a wide range of factors,
they can achieve more reliable cost and effective project
delivery. For more information contact OVSS LECET. |
|
|
|
|
