Target value design (TVD) is an essential component of lean construction, aimed at reducing waste while increasing value. This approach leads to collaboration where everyone agrees to focus on the same priorities and vision. Healthcare companies working with construction companies that implement TVD can expect partnerships throughout the entire process.
Any construction process that lacks a purpose or plan is removed in TVD, and the discipline and teamwork required yields several advantages to clients such as time management, cost savings and speed to market. It’s a great time to embrace TVD.
Historically, cost savings are found in value engineering. Healthcare facility clients may be frustrated by the rework challenges or sacrifices typical in value engineering. As compromises are made, some of the functions or aesthetics in the original vision may be lost. TVD helps to collaboratively and quickly set goals so facility owners can maximize value and identify targets without sacrificing their vision. It works because teamwork starts on day one.
Successful TVD healthcare projects start with healthcare construction specialists who present conceptual designs and early programming, uniting stakeholders to coordinate the TVD budget. The constructors keep the team focused on methods that meet the schedule and budget targets as the design process progresses.
The construction team should work with other teams, such as mechanical, electrical and plumbing (MEP) experts to provide cost certainty before the design is complete. In this approach, the team begins by defining the target cost for each building element, and then works together toward a design solution which meets or beats the identified target. This process also allows for real-time cost and schedule feedback rather than the more iterative design-price-evaluate process.
With the TVD strategy, the team identifies key decision points and allows for early release of major building components to decrease schedule risk. Collaboration and constant communication with key trade partners and stakeholders are necessary to minimize delays and encourage early input. Information provides cost certainty and eliminates surprises on bid day.
Using TVD practices, healthcare facilities can open their doors and begin providing critical patient care to the community as soon as possible. Using this data-driven process to establish expected price, performance and quality requirements can help meet the goals of your organization. At a glance, there are multiple benefits of TVD, including:
Contact The Christman Company to learn how to reduce or eliminate waste and rework while realizing a savings of up to 20% on your initial expected cost through the guidance of TVD.
Brian Crissman
Vice President of National Healthcare Services