BIM Based Value for Money Assessment in Public-Private Partnership

New urbanization approaches aligned with public-private partnership (PPP) which arose in the early 1990s, have become acceptable and even better solutions to outstanding urban municipal constructions. However, PPPs are still problematic regarding value for money (VFM) process which is the main driving force to deliver public services. The current VFM structure requires an integrated platform to manage multi-performance and collaborative relationship in project life-cycles. Building information modelling (BIM), a popular approach to the procurement in AEC sectors, provides the potential to ensure VFM while also working in tandem with the semantic approach to holistically measure the life cycle performance. This paper suggests that KM applied to the PPP life cycle could support decision-making regarding VFM and thus meet service targets.