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Chew, M Y L (2002) Resistance of polyurethane sealants to hot water. Building Research & Information, 30(05), 367–71.

Choy, L H T, Ho, W K O and Mak, S W K (2012) Housing attributes and Hong Kong real estate prices: a quantile regression analysis. Construction Management and Economics, 30(05), 359-66.

Jacobsson, M and Linderoth, H C J (2012) User perceptions of ICT impacts in Swedish construction companies: 'it's fine, just as it is'. Construction Management and Economics, 30(05), 339-57.

Kerali, A G and Thomas, T H (2002) Effect of mix retention and curing on low-cement walling blocks. Building Research & Information, 30(05), 362–6.

Kohler, N and Lutzkendorf, T (2002) Integrated life-cycle analysis. Building Research & Information, 30(05), 338–48.

Lingard, H C, Cooke, T and Blismas, N (2012) Designing for construction workers' occupational health and safety: a case study of socio-material complexity. Construction Management and Economics, 30(05), 367-82.

Liu, L, Wang, X and Sheng, Z (2012) Achieving ambidexterity in large, complex engineering projects: a case study of the Sutong Bridge project. Construction Management and Economics, 30(05), 399-409.

Straub, A (2002) Strategic technical management of housing stock: lessons from Dutch housing associations. Building Research & Information, 30(05), 372–81.

Tam, C M, Tam, V W Y and Zeng, S X (2002) Environmental Performance Evaluation (EPE) for construction. Building Research & Information, 30(05), 349–61.

Zimina, D, Ballard, G and Pasquire, C (2012) Target value design: using collaboration and a lean approach to reduce construction cost. Construction Management and Economics, 30(05), 383-98.

  • Type: Journal Article
  • Keywords: cost planning; lean construction; target cost; target value design
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446193.2012.676658
  • Abstract:
    Target costing is an effective management technique that has been used in manufacturing for decades to achieve cost predictability during new product development. Adoption of this technique promises benefits for the construction industry as it struggles to raise the number of successful outcomes and certainty of project delivery in terms of cost, quality and time. Target value design is a management approach that takes the best features of target costing and adapts them to the peculiarities of construction. The concept of target value design is introduced based on the results of action research carried out on 12 construction projects in the USA. It has been shown that systemic application of target value design leads to significant improvement of project performance - the final cost of projects was on average 15% less than market cost. The construction industry already has approaches that have similarities with elements of the target value design process or use the same terminology, e.g. partnering and target cost contracts, cost planning, etc. Following an exploration of the similarities and differences target value design is positioned as a form of target costing for construction that offers a more reliable route to successful project outcomes.