{"id":"https://openalex.org/W2139371847","doi":"https://doi.org/10.1061/(asce)co.1943-7862.0000414","title":"Best Value or Lowest Bid? A Quantitative Perspective","display_name":"Best Value or Lowest Bid? A Quantitative Perspective","publication_year":2011,"publication_date":"2011-05-06","ids":{"openalex":"https://openalex.org/W2139371847","doi":"https://doi.org/10.1061/(asce)co.1943-7862.0000414","mag":"2139371847"},"language":"en","primary_location":{"id":"doi:10.1061/(asce)co.1943-7862.0000414","doi":"https://doi.org/10.1061/(asce)co.1943-7862.0000414","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)co.1943-7862.0000414","pdf_url":null,"source":{"id":"https://openalex.org/S2764777209","display_name":"Journal of Construction Engineering and Management","issn_l":"0733-9364","issn":["0733-9364","1943-7862"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Construction Engineering and Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5064998664","display_name":"Wen\u2010der Yu","orcid":"https://orcid.org/0000-0002-4724-4745","observed_orcids":["https://orcid.org/0000-0002-4724-4745"]},"institutions":[{"id":"https://openalex.org/I4405255709","display_name":"Ministry of National Defense","ror":"https://ror.org/03ay56170","country_code":"TW","type":"government","lineage":["https://openalex.org/I4405255709","https://openalex.org/I4405257903"]},{"id":"https://openalex.org/I59460038","display_name":"Chung Hua University","ror":"https://ror.org/01yzz0f51","country_code":"TW","type":"education","lineage":["https://openalex.org/I59460038"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Wen-der Yu","raw_affiliation_strings":["Director of Procurement Center, Armaments Bureau, Ministry of National Defense, Taipei, Taiwan, R.O.C","Professor, Institute of Construction Management, Chung Hua Univ., Hsinchu, Taiwan, R.O.C. (corresponding author)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Director of Procurement Center, Armaments Bureau, Ministry of National Defense, Taipei, Taiwan, R.O.C","institution_ids":["https://openalex.org/I4405255709"]},{"raw_affiliation_string":"Professor, Institute of Construction Management, Chung Hua Univ., Hsinchu, Taiwan, R.O.C. (corresponding author)","institution_ids":["https://openalex.org/I59460038"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5020830972","display_name":"Kwo-Wuu Wang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405255709","display_name":"Ministry of National Defense","ror":"https://ror.org/03ay56170","country_code":"TW","type":"government","lineage":["https://openalex.org/I4405255709","https://openalex.org/I4405257903"]},{"id":"https://openalex.org/I59460038","display_name":"Chung Hua University","ror":"https://ror.org/01yzz0f51","country_code":"TW","type":"education","lineage":["https://openalex.org/I59460038"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Kwo-Wuu Wang","raw_affiliation_strings":["Director of Procurement Center, Armaments Bureau, Ministry of National Defense, Taipei, Taiwan, R.O.C","Professor, Institute of Construction Management, Chung Hua Univ., Hsinchu, Taiwan, R.O.C. (corresponding author)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Director of Procurement Center, Armaments Bureau, Ministry of National Defense, Taipei, Taiwan, R.O.C","institution_ids":["https://openalex.org/I4405255709"]},{"raw_affiliation_string":"Professor, Institute of Construction Management, Chung Hua Univ., Hsinchu, Taiwan, R.O.C. (corresponding author)","institution_ids":["https://openalex.org/I59460038"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":2.4123,"has_fulltext":false,"cited_by_count":55,"citation_normalized_percentile":{"value":0.87744041,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":99},"biblio":{"volume":"138","issue":"1","first_page":"128","last_page":"134"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10395","display_name":"Construction Project Management and Performance","score":0.7089999914169312,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10395","display_name":"Construction Project Management and Performance","score":0.7089999914169312,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12779","display_name":"Public Procurement and Policy","score":0.23559999465942383,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14058","display_name":"Value Engineering and Management","score":0.030400000512599945,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/best-value-procurement","display_name":"best value procurement","score":0.9739999771118164},{"id":"https://openalex.org/keywords/contractor-selection","display_name":"contractor selection","score":0.7080000042915344},{"id":"https://openalex.org/keywords/construction-procurement","display_name":"construction procurement","score":0.5699999928474426},{"id":"https://openalex.org/keywords/design-build","display_name":"design-build","score":0.6069999933242798}],"concepts":[{"id":"https://openalex.org/C201650216","wikidata":"https://www.wikidata.org/wiki/Q829492","display_name":"Procurement","level":2,"score":0.8477901220321655},{"id":"https://openalex.org/C2778496695","wikidata":"https://www.wikidata.org/wiki/Q254128","display_name":"Dilemma","level":2,"score":0.7095829248428345},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.5927204489707947},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.559042751789093},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.5357007384300232},{"id":"https://openalex.org/C2776502983","wikidata":"https://www.wikidata.org/wiki/Q690182","display_name":"Contrast (vision)","level":2,"score":0.49971961975097656},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4878661632537842},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.4536620080471039},{"id":"https://openalex.org/C2780009758","wikidata":"https://www.wikidata.org/wiki/Q6804172","display_name":"Measure (data warehouse)","level":2,"score":0.44669246673583984},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32470133900642395},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.28325098752975464},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.17252513766288757},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.17061594128608704},{"id":"https://openalex.org/C124101348","wikidata":"https://www.wikidata.org/wiki/Q172491","display_name":"Data mining","level":1,"score":0.09987196326255798},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.08296853303909302},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1061/(asce)co.1943-7862.0000414","doi":"https://doi.org/10.1061/(asce)co.1943-7862.0000414","is_oa":false,"landing_page_url":"https://doi.org/10.1061/(asce)co.1943-7862.0000414","pdf_url":null,"source":{"id":"https://openalex.org/S2764777209","display_name":"Journal of Construction Engineering and Management","issn_l":"0733-9364","issn":["0733-9364","1943-7862"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","jufo-2","norway-2","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310315747","host_organization_name":"American Society of Civil Engineers","host_organization_lineage":["https://openalex.org/P4310315747"],"host_organization_lineage_names":["American Society of Civil Engineers"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Construction Engineering and Management","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":31,"referenced_works":["https://openalex.org/W1509559003","https://openalex.org/W1517381134","https://openalex.org/W1527201523","https://openalex.org/W1537093164","https://openalex.org/W1539209891","https://openalex.org/W1566332583","https://openalex.org/W1596579256","https://openalex.org/W1967264510","https://openalex.org/W1968644908","https://openalex.org/W1981732068","https://openalex.org/W1983817483","https://openalex.org/W1994416402","https://openalex.org/W2006154742","https://openalex.org/W2009444651","https://openalex.org/W2009818719","https://openalex.org/W2027616687","https://openalex.org/W2035313813","https://openalex.org/W2059766562","https://openalex.org/W2082651537","https://openalex.org/W2085788230","https://openalex.org/W2086726364","https://openalex.org/W2111172372","https://openalex.org/W2119088939","https://openalex.org/W2124163021","https://openalex.org/W2125430936","https://openalex.org/W2136510719","https://openalex.org/W2285457456","https://openalex.org/W2797345588","https://openalex.org/W3022560733","https://openalex.org/W3124201178","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2110914870","https://openalex.org/W3034798425","https://openalex.org/W2604432682","https://openalex.org/W2786803800","https://openalex.org/W2998495086","https://openalex.org/W2885651239","https://openalex.org/W181558575","https://openalex.org/W2884699272","https://openalex.org/W2247898642","https://openalex.org/W7163185361"],"abstract_inverted_index":{"In":[0],"contrast":[1],"to":[2,17,46,52,75,111,141],"traditional":[3,154],"price-dominated":[4],"lowest":[5],"bid":[6],"(LB)":[7],"procurements,":[8],"best":[9],"value":[10],"(BV)":[11],"procurements":[12],"select":[13],"contractors":[14],"most":[15],"advantageous":[16],"the":[18,92,113,116,124,134,139,143],"clients,":[19],"taking":[20],"into":[21],"consideration":[22],"not":[23],"only":[24],"prices":[25],"but":[26],"also":[27,87,128],"other":[28],"factors.":[29],"Decisions":[30],"on":[31],"whether":[32],"LB":[33],"or":[34],"BV":[35],"approach":[36],"should":[37],"be":[38,47],"adopted":[39],"are":[40,99,127],"difficult":[41],"ones.":[42],"There":[43],"is":[44,86,105,131],"yet":[45],"any":[48],"objective":[49,78],"model":[50,82],"developed":[51],"back":[53],"up":[54],"such":[55],"decisions.":[56],"This":[57],"paper":[58],"proposes":[59],"an":[60,77],"index":[61],"named":[62],"price":[63],"elasticity":[64],"of":[65,84,97,115,123,145,151],"performance":[66],"(PEP)":[67],"that":[68,133],"may":[69],"serve":[70],"as":[71,107],"a":[72,108],"quantitative":[73],"measure":[74],"reach":[76],"decision.":[79],"The":[80],"theoretical":[81],"construction":[83,103],"PEP":[85,98,136],"described.":[88],"Two":[89],"measures":[90],"in":[91,153],"individual":[93],"and":[94,121,148],"market":[95],"levels":[96],"defined.":[100],"A":[101],"design/build":[102],"project":[104],"selected":[106],"working":[109],"example":[110],"demonstrate":[112],"applicability":[114],"proposed":[117,125,135],"method.":[118],"Potential":[119],"applications":[120],"limitations":[122],"method":[126,137],"addressed.":[129],"It":[130],"concluded":[132],"has":[138],"potential":[140],"resolve":[142],"dilemma":[144],"pursuing":[146],"efficiency":[147],"avoiding":[149],"violation":[150],"regulations":[152],"procurements.":[155]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":7},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":3}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}