1、3150 英文单词， 1.8 万英文字符 ，中文 5200 字 文献出处： Ismail K, Takim R, Nawawi A H. The evaluation criteria of Value for Money (VFM) of Public Private Partnership (PPP) bidsC/International Conference on Intelligent Building and Management. 2011, 5: 349-355. The evaluation criteria of Value for Money (VFM) of Publi
2、c Private Partnership (PPP) bids Kharizam Ismail., Roshana Takim., Abdul Hadi Nawawi Abstract Fundamentally, the notions of Value for Money (VFM) is associated with the concepts of whole life value of service provided for construction projects. VFM is associated in reducing life cycle costs; provide
3、 better allocation of risk, faster implementation, improved service quality and generating high revenue of the project outcomes. In achieving VFM of Public Private Partnership (PPP) projects, a mixture of financial and non-financial criteria are prerequisite in the evaluation of PPP bids to ensure t
4、he project provide VFM to project stakeholders. PPP bids evaluation had also been subjected to a wide criticism. The debate divulged the lack and unclear process of detailing of how PPP bids evaluation process could provide VFM. Hence, the research aim is to identify important criteria to be integra
5、ted in the evaluation of PPP bids for VFM. This research uses a postal questionnaire technique conducted among all PPP stakeholders (public and private sectors) in Malaysia. Through a descriptive analysis, the results revealed 6 out of 20 criteria as very critical in the evaluation of VFM of PPP bid
6、s. These are: optimum whole life cost, innovation, fit for purpose, comprehensive specification, compliance on time, and appropriate risk allocation. Further analysis by means of factor analysis technique revealed four principal components: project operational and social benefit; managerial and financial criteria; and technical and environmental criteria. Hence to incorporate VFM in the proposed of PPP bids, the 4 recommended principal components that embraced both financial and non- finan
