Achieving Value for Money in Capital Build Projects

This book is the first to bring together academic and practitioner views of Value for Money (VFM). It provides an international perspective on VFM by drawing upon the existing body of principles and practices for Capital Build Projects. It presents a protocol that has been developed to track and monitor the VFM of a capital project from day 1, and an Equilibrium Testing Mechanism (ETM) developed by the authors. It is a useful reference for researchers and a practical guide for the construction and engineering industry.

Format: Paperback / softback
Length: 140 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd

This groundbreaking book is a pioneering effort in bringing together academic and practitioner perspectives on Value for Money (VFM). VFM has emerged as a crucial tool for assessing the effectiveness and efficiency of organizations in utilizing their available resources to achieve maximum benefits. Originally employed in the public sector to evaluate the merits of large-scale built environment projects, it has now become an integral principle of public-private partnerships, capital project infrastructure, and civil engineering mega-projects.

The book delves into the intricate debates surrounding VFM, offering an international perspective by drawing upon a rapidly evolving body of principles and practices for capital build projects. It aims to equip readers with a comprehensive understanding of the issues, challenges, opportunities, and the necessary support mechanisms and protocols for implementing VFM in capital building development.

In conclusion, this book represents a significant contribution to the field of research and practice. It serves as a valuable reference for scholars and a practical guide for the construction and engineering industry. By providing a comprehensive framework for tracking and monitoring VFM, the book empowers stakeholders to make informed decisions and optimize resource allocation for maximum project outcomes.

Weight: 234g
Dimension: 153 x 234 x 12 (mm)
ISBN-13: 9781032570228