What does QBS stand for in project selection?

Qualifications Based Selection, or QBS, is a process used primarily in project selection for professional services, particularly in the fields of architecture, engineering, and construction management. This method emphasizes the qualifications, experience, and competence of the proposing firm rather than focusing primarily on cost.

In this approach, when selecting a contractor, the decision-making body evaluates the qualifications and past performance of the bidders. The objective is to identify the best fit for the project based on technical skill, relevant experience, and overall project understanding, rather than simply selecting the lowest bid. This is particularly important in projects where high-quality outcomes and specific expertise are critical to project success. By using QBS, organizations aim to ensure that they engage with professionals who can deliver the desired quality of work, which can ultimately lead to better project results and stakeholder satisfaction.

Other definitions provided in the question do not accurately capture the essence of QBS. For instance, while quality may be a focus, the term "Quality Based Selection" usually has a broader application and does not specifically address the qualifications aspect. Similarly, "Qualitative Based Selection" is not a standard term used in project procurement, thus misrepresenting the specific focus that QBS has on qualifications. "Quantitative Based Selection" implies