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Charkhakan, M H and Heravi, G (2023) Quantifying the predictability and preventability of conflicts between construction project parties. Engineering, Construction and Architectural Management, 30(05), 1932-50.

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.

Khanh, H D, Kim, S Y and Linh, L Q (2023) Construction productivity prediction through Bayesian networks for building projects: case from Vietnam. Engineering, Construction and Architectural Management, 30(05), 2075-100.

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

Maharjan, S, Shrestha, P P and Srirangam, D (2023) Impact of mobilization costs on schedule performance of highway projects. Engineering, Construction and Architectural Management, 30(05), 2008-25.

Mansoori, S, Harkonen, J and Haapasalo, H (2023) Productization and product structure enabling BIM implementation in construction. Engineering, Construction and Architectural Management, 30(05), 2155-84.

Moshtaghian, F and Noorzai, E (2023) Integration of risk management within the building information modeling (BIM) framework. Engineering, Construction and Architectural Management, 30(05), 1951-77.

Osuizugbo, I C, Kukoyi, P O, Abisuga, A O and Ibrahim, K (2023) Choosing to be a craftsperson: factors influencing career decision-making among apprentices. Engineering, Construction and Architectural Management, 30(05), 2026-47.

Pham, H T, Pham, T, Truong Quang, H and Dang, C N (2023) Impact of transformational leadership on green learning and green innovation in construction supply chains. Engineering, Construction and Architectural Management, 30(05), 1883-901.

Sena, T C and Fabricio, M M (2023) Framework proposal for BIM implementation in Brazilian construction and development companies. Engineering, Construction and Architectural Management, 30(05), 2101-23.

Sompolgrunk, A, Banihashemi, S, Hosseini, M R, Golzad, H and Hajirasouli, A (2023) An integrated model of BIM return on investment for Australian small- and medium-sized enterprises (SMEs). Engineering, Construction and Architectural Management, 30(05), 2048-74.

Stasinopoulos, T N (2023) Comparing insolation on building façades in five different climates. Engineering, Construction and Architectural Management, 30(05), 1835-63.

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.

Wuni, I Y, Shen, G Q and Saka, A B (2023) Computing the severities of critical onsite assembly risk factors for modular integrated construction projects. Engineering, Construction and Architectural Management, 30(05), 1864-82.

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.