Build a Working Capital Strategy that Strengthens Your Financial Future:
All the stakeholders (owner, designer, contractors, specialty trades, etc) design to the budget and goals of the owner. This differs from the conventional process of designing first and then re-designing to eliminate cost overruns.
Target Value Design is a collaborative approach in construction where all stakeholders, including owners, designers, and contractors, work together to align the project design with a predetermined budget. This method emphasizes value optimization, ensuring that the project meets the owner’s goals while staying within financial constraints. By focusing on cost-effectiveness from the outset, Target Value Design aims to prevent cost overruns and promote efficient resource use.
Used in a project where the entire team collaborates from the beginning to ensure the building stays within a specified budget of $2 million.
