Value Management of Construction Projects

This book presents an integrated value philosophy, methodology and tool kit for improving project delivery for construction clients. The book draws together insights from over 200 value studies conducted by the authors across a range of projects varying in size from ?1m to over ?1bn and procurement routes including partnering, PFI, prime contracting and Procure 21. This practical experience is integrated with extensive research and analysis of standards and best practice worldwide. The standards include specifically the British Standard on value management, BS EN 12973:2000, and SAVE International’s Standard for the Value Methodology. The book examines in detail the value process, function analysis and team dynamics, proposes a method for determining the client’s value system, and presents solutions to undertake value studies at different stages of the project. Value management has become a well established tool in the construction industry; it has been...