Bernhard Metzger's podcast on BuiltSmart Hub describes Target Value Design (TVD) and Cost Value Engineering (CVE), two methods for optimising costs and maximising value in the construction industry. TVD is a proactive approach that sets the budget early and encourages collaboration between all parties involved. CVE, on the other hand, analyses existing designs to identify potential savings. The podcast compares the two methods, highlights synergies in their joint application and discusses implementation challenges. Finally, the benefits for construction projects, such as improved cost control and risk minimisation, are highlighted.
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