Value added in construction projects - Revision history

Designing Buildings at 07:18, 26 October 2020

2020-10-26T07:18:51Z

← Older revision		Revision as of 07:18, 26 October 2020
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	* ForConstructionPros - [http://www.forconstructionpros.com/article/12192703/how-value-added-services-can-improve-your-construction-business-bottom-line How value added services can improve your construction business bottom line]		* ForConstructionPros - [http://www.forconstructionpros.com/article/12192703/how-value-added-services-can-improve-your-construction-business-bottom-line How value added services can improve your construction business bottom line]

−	[[Category:~~Organisations~~]] [[Category:~~DCN_Organisation~~]] [[Category:Cost_/_business_planning~~]] [[Category:Products_/_components]] [[Category:DCN_Product_Knowledge]] [[Category:Roles_/_services~~]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]]

Designing Buildings at 11:08, 24 April 2020

2020-04-24T11:08:30Z

← Older revision		Revision as of 11:08, 24 April 2020
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	* Offering pre-construction and project management services such as; obtaining project approvals, preparing project budgets, sourcing investors, and so on.		* Offering pre-construction and project management services such as; obtaining project approvals, preparing project budgets, sourcing investors, and so on.
	* Offering audits and undertaking repairs.		* Offering audits and undertaking repairs.
		+
		+	NB, STAR Procurement (a shared procurement service for Rochdale, Stockport, Tameside and Trafford Councils), [https://www.star-procurement.gov.uk/Suppliers/Docs/STAR-Procurement-Glossary-of-Terms-May-2019.pdf Glossary of Terms], published in May 2019, suggests that added value is: 'An improvement or addition that goes beyond the specification in the tender/contract documents.'

	= Related articles on Designing Buildings Wiki =		= Related articles on Designing Buildings Wiki =
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	* ForConstructionPros - [http://www.forconstructionpros.com/article/12192703/how-value-added-services-can-improve-your-construction-business-bottom-line How value added services can improve your construction business bottom line]		* ForConstructionPros - [http://www.forconstructionpros.com/article/12192703/how-value-added-services-can-improve-your-construction-business-bottom-line How value added services can improve your construction business bottom line]

−	[[Category:Organisations]] [[Category:Cost_/_business_planning]] [[Category:Products_/_components]] [[Category:Roles_/_services]]	+	[[Category:Organisations]] [[Category:DCN_Organisation]] [[Category:Cost_/_business_planning]] [[Category:Products_/_components]] [[Category:DCN_Product_Knowledge]] [[Category:Roles_/_services]]

Editor at 18:21, 14 March 2019

2019-03-14T18:21:50Z

← Older revision		Revision as of 18:21, 14 March 2019
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	* Offering audits and undertaking repairs.		* Offering audits and undertaking repairs.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Best value.		* Best value.
	* Gross value added.		* Gross value added.
	* Key performance indicators.		* Key performance indicators.
		+	* Market value.
	* Quality in construction projects.		* Quality in construction projects.
	* Total quality management in construction.		* Total quality management in construction.
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	* Value management.		* Value management.

−	=== External resources ===	+	= External resources =

	* ForConstructionPros - [http://www.forconstructionpros.com/article/12192703/how-value-added-services-can-improve-your-construction-business-bottom-line How value added services can improve your construction business bottom line]		* ForConstructionPros - [http://www.forconstructionpros.com/article/12192703/how-value-added-services-can-improve-your-construction-business-bottom-line How value added services can improve your construction business bottom line]

	[[Category:Organisations]] [[Category:Cost_/_business_planning]] [[Category:Products_/_components]] [[Category:Roles_/_services]]		[[Category:Organisations]] [[Category:Cost_/_business_planning]] [[Category:Products_/_components]] [[Category:Roles_/_services]]

Designing Buildings: moved Value added in cosntruction projects to Value added in construction projects

2018-06-17T07:58:10Z

moved Value added in cosntruction projects to Value added in construction projects

← Older revision

Revision as of 07:58, 17 June 2018

Designing Buildings: moved Value added to Value added in cosntruction projects

2018-06-17T07:57:49Z

moved Value added to Value added in cosntruction projects

← Older revision

Revision as of 07:57, 17 June 2018

Editor at 15:23, 27 January 2017

2017-01-27T15:23:34Z

← Older revision		Revision as of 15:23, 27 January 2017
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	* Key performance indicators.		* Key performance indicators.
	* Quality in construction projects.		* Quality in construction projects.
		+	* Total quality management in construction.
	* Value in building design and construction.		* Value in building design and construction.
	* Value management.		* Value management.

Designing Buildings at 14:28, 4 January 2017

2017-01-04T14:28:05Z

← Older revision		Revision as of 14:28, 4 January 2017
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	Value = What you get (or want) / What you pay		Value = What you get (or want) / What you pay
		+
		+	See Value in building design and construction for more information.

	The term ‘value added’ refers to the increase in value created by goods or services.		The term ‘value added’ refers to the increase in value created by goods or services.

	The term 'gross value added' (GVA) offers a measure of the actual value added by a commodity, excluding the costs of production. This is often used to express the contribution of a good, service, sector or region to the wider economy. For example, in 2014, the construction industry GVA was £113 billion. Ref House of Commons Briefing paper Number 01432, 6 October 2015 Construction industry: statistics and policy.		The term 'gross value added' (GVA) offers a measure of the actual value added by a commodity, excluding the costs of production. This is often used to express the contribution of a good, service, sector or region to the wider economy. For example, in 2014, the construction industry GVA was £113 billion. Ref House of Commons Briefing paper Number 01432, 6 October 2015 Construction industry: statistics and policy.
		+
		+	See Gross value added for more information.

	The term ‘value added’ is also used to express the differentiation of a commodity compared to its competitors by the additional features it offers that cannot be measured by its price.		The term ‘value added’ is also used to express the differentiation of a commodity compared to its competitors by the additional features it offers that cannot be measured by its price.

Designing Buildings at 14:26, 4 January 2017

2017-01-04T14:26:33Z

← Older revision		Revision as of 14:26, 4 January 2017
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	* Best value.		* Best value.
−	* ~~Business case.~~	+	* Gross value added.
−	* Construction organisations and strategy.	+
	* Key performance indicators.		* Key performance indicators.
−	* Post project review.
	* Quality in construction projects.		* Quality in construction projects.
	* Value in building design and construction.		* Value in building design and construction.

Designing Buildings at 14:22, 4 January 2017

2017-01-04T14:22:40Z

← Older revision		Revision as of 14:22, 4 January 2017
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	The term ‘value added’ is also used to express the differentiation of a commodity compared to its competitors by the additional features it offers that cannot be measured by its price.		The term ‘value added’ is also used to express the differentiation of a commodity compared to its competitors by the additional features it offers that cannot be measured by its price.

−	It can be ~~difficult to make products and services ‘stand out’ from competitors within~~ the ~~market~~. Value added features can increase the worth or benefit of a product or service. However, value added features are often subjective, meaning they are dependent on the perception of the additional worth or benefit.	+	Focussing exclusively on price can be at the expense of value added features, or 'value for money'. Value added features can increase the worth or benefit of a product or service. However, value added features are often subjective, meaning they are dependent on the perception of the additional worth or benefit.

−	~~With manufacturers~~ of construction products for example, ~~there~~ will often be similar products available on the market. It can be beneficial therefore to develop 'brand values' that make a particular product more desirable.	+	Manufacturers of construction products for example, will often be competing with a large number of similar products available on the market. It can be beneficial therefore to develop added value 'brand values' that make a particular product more desirable.

	Value added can be created by identifying and understand the needs and desires of the market, rather than focusing exclusively on price. Some techniques for creating a value added approach include:		Value added can be created by identifying and understand the needs and desires of the market, rather than focusing exclusively on price. Some techniques for creating a value added approach include:
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	* Preparing email newsletters that include helpful and informative guides and news items.		* Preparing email newsletters that include helpful and informative guides and news items.
	* Offering specification tools and apps for the client or end-user. These might include online calculation tools, product selectors and comparisons, e-learning and CPD, media libraries, colour and texture selectors, and so on.		* Offering specification tools and apps for the client or end-user. These might include online calculation tools, product selectors and comparisons, e-learning and CPD, media libraries, colour and texture selectors, and so on.
−	* Offering pre-construction and project management services such as; obtaining project approvals~~, permit processing and expediting~~, preparing project budgets, sourcing investors, and so on.	+	* Offering pre-construction and project management services such as; obtaining project approvals, preparing project budgets, sourcing investors, and so on.
−	* Offering ~~audit~~ and ~~inspection services.~~	+	* Offering audits and undertaking repairs.
−	* Undertaking repairs.	+

	= Find out more =		= Find out more =

Designing Buildings at 14:18, 4 January 2017

2017-01-04T14:18:31Z

← Older revision		Revision as of 14:18, 4 January 2017
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	The term ‘value added’ refers to the increase in value created by goods or services.		The term ‘value added’ refers to the increase in value created by goods or services.

−	The term ~~‘net~~ value ~~added’ expresses~~ value added ~~in relation~~ to ~~its cost~~.	+	The term 'gross value added' (GVA) offers a measure of the actual value added by a commodity, excluding the costs of production. This is often used to express the contribution of a good, service, sector or region to the wider economy. For example, in 2014, the construction industry GVA was £113 billion. Ref House of Commons Briefing paper Number 01432, 6 October 2015 Construction industry: statistics and policy.

−	Gross value added (GVA) is a measure of the actual value added, excluding the costs of production. This is often used to express the contribution of a good, service, sector or region to the wider economy. For example, in 2014, the construction industry GVA was £113 billion. Ref House of Commons Briefing paper Number 01432, 6 October 2015 Construction industry: statistics and policy.	+	The term ‘value added’ is also used to express the differentiation of a commodity compared to its competitors by the additional features it offers that cannot be measured by its price.
−		+
−	The term ‘value added’ is also used to express the differentiation of a commodity compared to competitors by the additional features it offers that cannot be measured by its price.	+

	It can be difficult to make products and services ‘stand out’ from competitors within the market. Value added features can increase the worth or benefit of a product or service. However, value added features are often subjective, meaning they are dependent on the perception of the additional worth or benefit.		It can be difficult to make products and services ‘stand out’ from competitors within the market. Value added features can increase the worth or benefit of a product or service. However, value added features are often subjective, meaning they are dependent on the perception of the additional worth or benefit.

−	With manufacturers of construction products for example, there will often be similar products available on the market. It can be beneficial therefore to develop 'brand values' that make a particular product desirable.	+	With manufacturers of construction products for example, there will often be similar products available on the market. It can be beneficial therefore to develop 'brand values' that make a particular product more desirable.
−		+
−	Some examples of value added in construction include; providing technical support to customers, a dedicated customer service team, expert guidance, an on-site installation team, maintenance service such as inspections over a period of time, and so on.	+

−	Value added can be created by ~~an organisation trying to identify~~ and understand the ~~wants~~ and ~~needs~~ of ~~their client~~, ~~as opposed to~~ focusing exclusively on ~~the product or service itself. This can involve a departure from traditional ‘sales and marketing’ tactics, and more of a personable, direct approach~~. Some techniques for creating a value added approach include:	+	Value added can be created by identifying and understand the needs and desires of the market, rather than focusing exclusively on price. Some techniques for creating a value added approach include:

−	* Being active on social media platforms most relevant to the target audience~~. This can be used~~ to ~~answer~~ queries, ~~promote~~ discussions, ~~update~~ customers, ~~demonstrate~~ brand values, and so on.	+	* Providing technical support to customers.
−	* Providing specific blog content can help to establish an authoritative ‘voice in the relevant field.	+	* Providing maintenance service such as inspections over a period of time.
−	* ~~Email~~ newsletters that ~~may~~ include helpful and informative guides and news items~~. This should be carefully curated with the interests of the audience in mind, and should avoid being too ‘promotional’~~.	+	* Being active on the social media platforms most relevant to the target audience, providing answers to queries, promoting discussions, updating customers, demonstrating brand values, and so on.
−	* ~~Specification~~ tools and apps ~~aimed at making tasks easier and quicker~~ for the client or end-user. These might include online calculation tools, product selectors and comparisons, e-learning and CPD, media libraries, colour and texture selectors, and so on.	+	* Providing specific blog content that can help to establish an authoritative ‘voice' in the relevant field.
−	* ~~Building contractors could offer general services as well as~~ pre-construction project ~~and development~~ management~~. They could also obtain~~ project approvals, permit processing and expediting, ~~prepare~~ project budgets, ~~find sources for project equity and~~ investors, and so on.	+	* Preparing email newsletters that include helpful and informative guides and news items.
−	* ~~Electrical contractors could offer complete~~ services ~~in addition to extra services such as annual inspections, energy management audits, light bulb service, and so on~~.	+	* Offering specification tools and apps for the client or end-user. These might include online calculation tools, product selectors and comparisons, e-learning and CPD, media libraries, colour and texture selectors, and so on.
−	* ~~Concrete and paving contractors could offer additional services such as~~ repairs~~, site debris clearance, weed abatement, slope stabilisation, and so on~~.	+	* Offering pre-construction and project management services such as; obtaining project approvals, permit processing and expediting, preparing project budgets, sourcing investors, and so on.
		+	* Offering audit and inspection services.
		+	* Undertaking repairs.

	= Find out more =		= Find out more =