Use of an Evaluated Bid Process in Advance of Final Design as an Alternative Approach to Maximize Value In the Procurement of Wastewater and Water Goods and Services in Latin America
Abstract:An evaluated bid as discussed in this paper is a means of procuring products and services in advance of final design through a process which considers not only the bid price but also the total (present worth) value and cost of the proposed goods and services over the longer term. In this paper, this evaluated bid process is compared with traditional bid processes as well as alternative procurement methods like design-build and design-build-operate.
This paper supports the premise that, used properly, the evaluated bid method can provide benefits not normally obtainable through either the design-build process or the more traditional separated design, bid, and build process. The proven value of this process in applications within the United States supports consideration of this process for applications throughout Latin America.
Document Type: Research Article
Publication date: January 1, 2001
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