TVD for Enhanced Value: a Case Study of Preconstruction Cost Optimization in Residential Buildings

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.