That ‘value’ should mean more than the objective of achieving lowest cost is an attitude that is rippling through the construction industry as much as in any other. A UK Construction Leadership Council member and global director at Rider Levett Bucknall, Ann Bentley, explained that the industry must change its view of value: “As long as value is perceived as lowest price there is no incentive to be best, only cheapest. Industry does what it is asked to do, so the race to the bottom will continue while that is the case,” she said. And added “If you compare it with going to buy a mobile phone you see how broken procurement is. When you go in and buy a phone very few people walk in and say just give me the cheapest phone.” You can read a full report on Building.
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