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Value Management Practices on Major Construction Projects and Green Building

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Abstract

The paper starts with background information on value management (VM) in the construction industry and current development situation of the green building industry, and costs and profitability of green buildings. The paper continues with detailed analyses of the findings, covering new developments and perceptions of VM, and applications of VM in the industry. The paper also reports case studies on the practices adopted in the planning and design management phase of SIPO Guangdong Patent Examination Cooperation Center and in the construction management phase of Guangzhou International Bio-Island Standard Property Unit II project. As revealed by the practices, the value-adds and savings in construction costs through the application of VM are important for the developers, and the contributions of VM application in green building projects are significant to achieving the expected targets and to resolving the design and construction challenges encountered in the development of green building industry. And the paper presents, findings on how VM can improve construction management and coordination of several ongoing construction projects and on how VM can be systematically implemented by phases, and discussions on other potential benefits of using VM systems.

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Most cited references 14

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Cost of green houses based on value engineering.

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Comparative analysis on BREEAM and domestic evaluation standard for green construction.

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Achieving Value in Water Projects through Partnership

Author and article information

Affiliations
[1]. The Construction Command Center of Sino-Singapore Guangzhou Knowledge City, Guangzhou 510555, China
[2]. Singbridge Corporation Pte Ltd, Singapore
Author notes
res520@126.com
Contributors
Journal
Front. Eng
FEM
CN10-1205/N
Frontiers of Engineering Management
Higher Education Press (4 Huixin Dongjie, Chaoyang District, Beijing 100029, China)
2095-7513
2016
: 3
: 2
: 147-157
Categories
ENGINEERING MANAGEMENT THEORIES AND METHODOLOGIES
ScienceOpen disciplines:
Keywords:

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