Best value procurement using artificial intelligent ‘modified displaced ideal model’

摘要

Many of the old rules for project delivery that held sway in the construction industry no longer have the same potency as they once did. Design-bid-build still has its many followers, but it does not always ensure performance due to the pressures of low cost. There is a growing movement in the construction industry towards Performance Based and Best Value procurement. Performance based procurement advocates that contractors who can optimize both price and performance can achieve best value. The major difficulty is finding an unbiased way to evaluate value vs. performance. The paper explores the development of a modified Displaced Ideal Model (Artificial Intelligent Decision Maker) to minimize subjectivity in "Best Value" procurements.