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Exploring the Mechanisms for Value-for-Money Diffusion in the Design and Procurement of EU Public Infrastructure Projects

Exploring the Mechanisms for Value-for-Money Diffusion in the Design and Procurement of EU Public Infrastructure Projects
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Author(s): Fani Antoniou (International Hellenic University, Greece), Marina Marinelli (National Technical University of Athens, Greece)and Kleopatra Petroutsatou (Aristotle University of Thessaloniki, Greece)
Copyright: 2024
Pages: 31
Source title: Financial Evaluation and Risk Management of Infrastructure Projects
Source Author(s)/Editor(s): Kleopatra Petroutsatou (Aristotle University of Thessaloniki, Greece)and Constantin Zopounidis (Technical University of Crete, Greece & Audencia Business School, France)
DOI: 10.4018/978-1-6684-7786-1.ch001



This chapter presents procurement and design options that can lead to public projects of higher value for money (VfM) within the currently applicable EU legislation. It particularly highlights how the timing and extent of the contractor's involvement in design enables value management/engineering and constructability reviews and maximizes project VfM. Furthermore, this chapter demonstrates how the best VfM can be achieved with the integration of features from the open tender and the Competitive Dialogue (CD). This hybrid approach gives to any contractor the option to submit value-enhancing design variants within the context of an open procedure and processes their submitted proposals as per the main principles of the CD. In this context, the contracting authorities need to select specific VfM-enhancing criteria as well as an efficient and objective method to address the emerging design comparisons, evaluations, and bid rankings. The authors address this gap with a multi-criteria decision-making model and provide a detailed example in line with the EU procurement legislation.

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