Economic and social infrastructure is one of the key foundations that drive the development of any country. Broadly speaking, infrastructure is defined as the basic systems and structures and facilities and services which are required for smooth operation of an economy, at various levels. It will not be an exaggeration to state that an economy’s growth and sustainability of growth hinge critically on the state of its infrastructure (Ziara & Ayyub, 1996). Indeed, infrastructure system that include basic facilities such as energy and power, telecommunications networks, transportation facilities, water supplies and logistics and social services including health and education is the fulcrum and supporting framework on which the development structure of an economy is founded. However, as will be appreciated, building of the needed infrastructure calls for a significant amount of resources for planning, implementation and maintenance. Accordingly, issues of good value for money in infrastructure-related investment are of critical importance for any country, more particularly for resource-constrained developing countries such as Bangladesh.