Target Value Design
Target Value Design
Messer's Target Value Design (TVD) process brings collaboration and transparency starting in the preconstruction phase. The result is getting the best value for the project - at or below the target cost - without sacrificing the purpose or vision for the project.
Benefits for all project team members include:
- Early informed decisions
- Earlier cost certainty
- Nimble collaboration and teamwork
- Complete transparency
- Improved efficiency
- Higher level of accuracy and dependability
How TVD works
Rather than developing an estimate on an established design, the project team develops a design that fits within the established budget. Costs are organized and tracked in buckets led by cluster groups. Group leaders discuss the details of what is important on a project and where tradeoffs can occur amongst the team to maintain the overall project budget.
Using tools that show real-time data provides a source of truth during preconstruction, throughout construction and months or years beyond construction. The TVD process and tools result in a collection of the best cost decisions and insight that can be used as a starting point for subsequent projects.
The result was an award-winning project
delivered below budget and ahead of schedule that met or exceeded all of the owner's Conditions of Satisfaction."