Achieving Value for Money in Capital Build Projects: 1st Edition (Hardback) book cover

Achieving Value for Money in Capital Build Projects

1st Edition

By Angela Vodden, Champika Liyanage, Akintola Akintoye

Routledge

144 pages

Purchasing Options:$ = USD
Hardback: 9780815361190
pub: 2019-09-12
Available for pre-order
$149.00
x


FREE Standard Shipping!

Description

This book is the first to bring together academic and practitioner views of Value for Money (VFM). VFM has been used to assess whether or not an organisation has obtained the maximum benefit within the resources available to it. A concept used by the public sector to assess the benefits of major built environment projects, it has become a major tenet of public private partnerships, capital project infrastructure and civil engineering megaprojects.

This book presents and discusses the various debates surrounding the concept of Value for Money. It provides an international perspective on VFM by drawing upon the existing and fast developing body of principles and practices for Capital Build Projects. Readers will gain a level of understanding of the issues involved, the challenges, opportunities and the support mechanisms and protocols required for implementation of VFM in capital building development. 

Ultimately, the book presents a protocol that has been developed to track and monitor the VFM of a capital project from day 1, an Equilibrium Testing Mechanism (ETM) developed by the authors. This testing mechanism allows each of the parties to a project to monitor their VFM position at any given stage of a project from the beginning to the end of the build stage and beyond as necessary.

This book is both a useful reference for researchers and a practical guide for the construction and engineering industry.

Table of Contents

1

The Historic Development of Value for Money within the UK, China, Australia, South Africa and India

Angela Vodden, Akintola Akintoye and Champika Liyanage

2

Tracking VfM: Concept, Definition, Benchmark, Tracking and Testing

Angela Vodden, Akintola Akintoye and Champika Liyanage

3

The Stakeholder’s Roles, Responsibilities, Expectations, Aims, Incentives and Drivers

Angela Vodden, Akintola Akintoye and Champika Liyanage

4

Identification of the Value for Money Stages

Angela Vodden, Akintola Akintoye and Champika Liyanage

5

The Need for the VfM Tracking Mechanism

Angela Vodden, Akintola Akintoye and Champika Liyanage

6

Value for Money Protocol, Bid Document and Contract Drafting.

Angela Vodden, Akintola Akintoye and Champika Liyanage

About the Authors

Angela Vodden is a practicing solicitor within her own firm but represents public sector client's, specialising in the strategic procurement and management of legal negotiations of high value public sector infrastructure and development projects.

Akintola Akintoye is a Chartered Surveyor and a Chartered Builder. He is Professor of Construction Economics and Management and Dean of School of Built Environment and Engineering in the Leeds Beckett University, UK.

Champika Liyanage was a Reader in Facilities Management in the School of Engineering, University of Central Lancashire, UK.

About the Series

Spon Research

Spon Research provides a series of advanced books for built environment researchers and professionals from one of the world’s leading publishers.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
ARC015000
ARCHITECTURE / Professional Practice
BUS000000
BUSINESS & ECONOMICS / General
BUS032000
BUSINESS & ECONOMICS / Infrastructure
TEC005000
TECHNOLOGY & ENGINEERING / Construction / General
TEC009020
TECHNOLOGY & ENGINEERING / Civil / General
TEC062000
TECHNOLOGY & ENGINEERING / Project Management