A case for target value design towards effective low-cost housing project cost management and performance in south-east zone Nigeria

L. I. Obi, M. Arif

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Reports over the past decade, reveal the trend of poor cost performances of many Low-cost Housing (LcH) projects. This have apparently resulted in huge monetary losses to the government as the client, declining housing supply and undermined affordability of many Low and Low-medium incomes particularly in
developing countries like Nigeria. In spite of the changes with contemporary trends in Nigeria, it would appear that the techniques employed in the management of the delivery costs of the LcH projects particularly in the South-east zone are yet similar to those used over a century ago. This necessitates
urgent and appropriate sustainable intervention strategies adopting cost-effective techniques. Prior studies affirms the implications of modern cost management techniques such as Target Value Design (TVD) in
improving delivery cost performances on construction projects. For this reason this paper which forms an integral part of an ongoing doctoral study, aim to identify the efficacy and applicability of TVD in the context of LcH project delivery cost management. A review of relevant and extant literature identifies
peculiarities on the concept of TVD and LcH projects. Findings from literature and data collected via questionnaires further identify constraints on current LcH project delivery cost management system and clearly indicates the possible applicability and integration of TVD in the system. These findings provide a
platform for the next phase of the research towards developing an improved delivery cost management model for LcH projects. This is expected to engender effective government-led LcH projects delivery particularly in in South-East zone Nigeria.
Original languageEnglish
Title of host publicationGoing north for sustainability: Leveraging knowledge and innovation for sustainable construction and development
Subtitle of host publicationCIB International Conference Proceedings 2015
EditorsCharles Egbu
Place of PublicationLondon
PublisherIBEA publications Ltd
Pages104-114
Number of pages11
ISBN (Print)9781326479510
Publication statusPublished - 1 Feb 2016
Externally publishedYes
EventGoing North for Sustainability: Leveraging Knowledge and Innovation for Sustainable Construction and Development - London South Bank University, London, United Kingdom
Duration: 23 Nov 201525 Nov 2015

Conference

ConferenceGoing North for Sustainability
Country/TerritoryUnited Kingdom
CityLondon
Period23/11/1525/11/15

Cite this