State of Hawaii selects "best value" by artificial intelligence

There is a growing movement in the construction industry away from procurement through traditional low-bid methods toward performance based or best value procurement. Until now, the one-step and two-step methods have been the two major types of best value procurement. The major difficulty with both systems is finding an unbiased way to evaluate the value of performance. This article explores the procurement of construction services by the State of Hawaii, using an artificial intelligence performance information procurement system (PIPS) to identify best value. A best value environment is one in which contractors optimize both price and performance.