The aim of this research is to radically advance the body of procurement knowledge by developing a novel and cohesive whole-of-life procurement decision-making framework for financing, design, construction, operations and maintenance of school. The use of this framework by public and private school operators will optimise educational outcomes in relation to the total cost of the school’s built environment and facilities, to significantly advance the overall performance of schools, which is vital to Australia’s future prosperity.
This project will advance state-of-the art and Nobel prize-winning theories and also develop a new theory into implementable models in a cohesive framework, for the first time in an educational setting and across government and privately financed schools. Furthermore, the framework’s success in creating schools with significantly improved value will be validated using a new approach measuring (“Value Rating”) the contribution of schools’ facilities to educational outcomes, and accounting for their total production and transaction costs.
This project is a collaboration of significant scale and scope, comprising 9 leading academics from 5 disciplines at 3 universities (QUT, The University of Melbourne and UNSW); Infrastructure Australia; 4 Departments of Treasury and Finance (NSW, QLD, VIC and WA); 6 Education Departments (ACT, NSW, QLD, SA, VIC and WA); and 7 private sector organisations representing the full spectrum of school delivery, operations and maintenance (financial advice; funding; architecture; quantity surveying; construction; and facilities management).
This research is funded by the Australian Government, Australian Research Council (ARC) Linkage Program (project ID: LP160100259), and by the partners.