Implementation of Value Management as an Economic Sustainability Tool for Building Construction in Nigeria

Abstract

Today, several researches have been carried out in the area of sustainability with much emphasis being placed on the environmental dimension. Though this is good, a balance needs to be created between the environmental, economic and social sustainability dimensions. Bearing this in mind, the construction professionals are saddled with the responsibility of delivering sustainable construction projects using diverse tools. One of such tool is Value Management (VM). Hence, this research assessed the use of VM in delivering economically sustainable constructions. A case study approach was employed and the study revealed that VM has a great role to play in delivering economic sustainability in construction since both VM and Sustainability (the economic dimension) have a common goal which is; achieving value for money. Notable benefits of VM in providing economic sustainability in construction includes: reduction of overall cost while maintaining function through identification and removal of unnecessary materials and process and use of local materials to save cost of importation and transportation. The study therefore recommends the implementation of VM in building construction and presentation at various workshops and seminars in order to enhance sustainable construction development through VM practise.