Value management in the South African construction industry

Abstract

The topicality of value management is accentuated by the fact that clients are increasingly insisting that value management should be applied to their construction projects. This could probably be ascribed to the effectiveness of value management as a tool for ensuring value for money. The concept of value management is undoubtedly in the process of finding a niche in the construction industry in South Africa (SA). However, in order for it to become general practice, the fulfilment of certain conditions are considered to be a prerequisite. Quantity surveyors and persons in related professions now have the opportunity to acquire the techniques appurtenant to value management and the skills neces­sary to render a comprehensive value service to clients.