TY  - CONF
TI  - TVD for Enhanced Value: a Case Study of Preconstruction Cost Optimization in Residential Buildings
C1  - Osaka and Kyoto, Japan
C3  - Proceedings of the 33rd Annual Conference of the International Group for Lean Construction (IGLC 33)
SP  - 176
EP  - 186
PY  - 2025
DO  - 10.24928/2025/0275
AU  - Lazarte, Frederick M. Gutierrez
AD  - Vicepresident of Project Managemente at PDK, DBA(c), Centrum Catolica Graduate Business School, Lima, Peru – Pontificia Universidad Catolica del Peru, Lima, Peru Frederick.gutierrez@pucp.edu.pe, https://orcid.org/0000-0003-4559-276X
ED  - Seppänen, Olli 
ED  - Koskela, Lauri 
ED  - Murata , Koichi 
AB  - Target Value Delivery (TVD) offers a promising approach to optimizing cost and maximizing value in construction projects, yet its practical implementation in complex residential developments remains relatively unexplored. This case study demonstrates the successful application of TVD in a 35-story mixed-use residential building in Florida, achieving significant cost savings and aligning design with evolving owner value criteria. The project employed a three-phase TVD framework, incorporating early stakeholder collaboration, a Common Data Environment (CDE), and continuous cost tracking. Data was collected through project documentation, cost reports, and observations. The project realized demonstrable cost savings while successfully aligning the design with the owner's evolving value criteria. Challenges related to cost-tracking standardization (transitioning from MasterFormat to Uniformat II) and CDE adoption were effectively addressed through targeted training and process adjustments. This case study contributes empirical evidence to the growing body of knowledge supporting the effectiveness of TVD. It highlights areas for future research, such as developing best practices for CDE implementation, refining cost-tracking methodologies, and exploring the impact of TVD on other project outcomes. This study provides empirical evidence supporting the efficacy of TVD in controlling costs and enhancing value in complex residential projects. The findings underscore the importance of early collaboration, rigorous cost management, and proactive strategies for CDE implementation in maximizing the benefits of TVD.
KW  - Target Value Delivery
KW  - Team integration
KW  - preconstruction
KW  - cost optimization
KW  - BIM
KW  - lean construction
KW  - CDE
KW  - and Integrated project delivery.
PB  - 
T2  - Proceedings of the 33rd Annual Conference of the International Group for Lean Construction (IGLC 33)
DA  - 2025/06/02
CY  - Osaka and Kyoto, Japan
L1  - http://iglc.net/Papers/Details/2420/pdf
L2  - http://iglc.net/Papers/Details/2420
N1  - Export Date: 02 June 2025
DB  - IGLC.net
DP  - IGLC
LA  - English
ER  -