Smart value for money assessment in Public-Private Partnerships

Public-private partnerships (PPPs) have proliferated and adapted to public development. Value for money (VfM) assessment as one of the essential components in PPP, defines the feasibility of project procurement model. However, evaluating value for money in PPPs remains problematic. Given concerns about PPP’s profitability, a more integrated platform is needed to manage multiple performances throughout the project lifecycle. Building information modeling (BIM), popular in architecture, engineering and construction, provides resources which could support VfM.

This research aims to improve the current VfM assessment and aligns the BIM and Ontology as the necessary information and knowledge support. 

Development by Dr Guoqian Ren; Prof Haijiang Li 

Project support from ECADI, Shanghai; BoGuang Ltd.