A New Approach to Increase FM Professional Value While Decreasing Workload and Cost
The Best Value Approach (BVA) is an automated FM approach that increases the responsibilities and value of FM professional work but reduces the FM workload. The BVA replaces complexity and decision making of the FM professional with the identification and utilization of expertise. It has been proven to cut cost by 30%, deliver on time, minimize contractor risk, and change orders to less than 1%, and uses the language of performance metrics to communicate and create transparency. It is backed by 28 years of research test results (2,000+) to validate its concepts. The BVA changes the paradigm from an owner controlled to a vendor-controlled environment. It changes the contractual passing of risk to the mitigation of risk by the expert vendor. Instead of using the traditional approach of risk transfer, it utilizes the contractor’s ability to preplan and track time and cost deviations to mitigate risk. It answers many of the research questions involving prequalification, contractor performance metrics and how to increase the performance of construction and facility projects.
Key Learning Objectives:
- Learn how to use performance information.
- Learn how to use the language of performance metrics.
- Learn how to use performance metrics to mitigate risk.
- Learn how to track time and cost deviations on the project.