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The Best Value Approach (BVA) offers an innovative method to get the most out of SupplierCustomer Relationships (SCRs). This paper argues that the preparation phase should be enhanced when applying BVA in the context of public procurement. Literature on SCRs learns how successful relationships are governed bilaterally during execution. This literature also describes which processes are taking place prior to contracting. Here, the concepts of this literature are applied to analyses the specific public procurement context. The impact of this context is, that the tender process is governed unilaterally. Further, BVA as applied in public procurement is viewed through the lenses of the SCR literature. Although BVA partly leads to bilateral governance, the impact of the public procurement context remains. For practitioners wanting to improve BVA’s effect in public procurement, the paper offers an enhancement of the approach. For theory building, the analysis leads to a further differentiation of the concept of governance. For regulators, it offers something to consider: focus on principles or rules?

Best Value Approach in Public Procurement: Improving ‘Best’ through Enhanced Preparation Phase