Target Costing in Construction: A Comparative Study
Reymard Melo1, Amit Kaushik2, Lauri Koskela3, Ariovaldo Denis Granja4, Kaushal Keraminiyage5 & Patricia Tzortzopoulos6
1PhD Student, Construction Management Research Laboratory (LAGERCON), School of Civil Engineering, Architecture and Urban Design, University of Campinas, Campinas, SP, Brazil [email protected]2KTP Associate, PhD Student, University of Salford. [email protected]
3Professor, School of the Built Environment. University of Salford, Maxwell Building, room 507, The Crescent, Salford, M5 4WT, UK, [email protected]
4Professor, Architecture and Construction Dept., Construction Management Research Laboratory (LAGERCON), School of Civil Engineering, Architecture and Urban Design, University of Campinas, Brazil, [email protected]
5BSc (QS) Programme Director, Room 432a, Maxwell Building, The University of Salford, Salford, United Kingdom, M5 4WT, [email protected]
6Director of Design and Property Management Directorate, School of the Built Environment. University of Salford, Maxwell Building, The Crescent, Salford, M5 4WT, UK, [email protected]
Abstract
Target costing is an approach for the development of new products in the automobile industry, aimed at reducing their life-cycle costs while ensuring quality, reliability and other client requirements, by examining all possible ideas for cost reduction at the product planning, research and development and prototyping phases. Prior studies have attempted to adapt the manufacturing target costing process to the project-based nature of the construction industry. This paper aims to provide insights for future target costing implementations in the public sector projects. A qualitative comparison of three studies is performed through the lens of a set of target costing influencing factors. Similarities and differences revealed in the comparison suggest that factors related to supplier-base strategy and to the nature of customer are potentially relevant to future target costing implementations in public sector projects.
Keywords
Target Costing, Target Value Design, and Project Delivery.
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Reference
Melo, R. , Kaushik, A. , Koskela, L. , Granja, A. D. , Keraminiyage, K. & Tzortzopoulos, P. 2014. Target Costing in Construction: A Comparative Study, 22nd Annual Conference of the International Group for Lean Construction , 183-194. doi.org/
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