#52 Target Value Design & Cost Value Engineering in Construction

Bernhard Metzger's podcast on BuiltSmart Hub
describes Target Value Design (TVD) and Cost Value
Engineering (CVE), two methods for optimising costs and
maximising value in the construction industry. TVD is a proactive
approach that sets the budget early and encourages collaboration
between all parties involved. CVE, on the other hand, analyses
existing designs to identify potential savings.


The podcast compares the two methods, highlights synergies in
their joint application and discusses implementation challenges.
Finally, the benefits for construction projects, such as improved
cost control and risk minimisation, are highlighted.