Common use of Target Value Design Clause in Contracts

Target Value Design. Target Value Design is a design discipline that requires project values, cost, schedule, and constructability to be basic components of the design criteria, and that uses cost targets to drive innovation in designing a project to provide optimum value to the Owner. The Target Value Design goals are defined at the onset of the Project, continuously reinforced by Architect, Owner, and Contractor for the duration of the Project, and used to guide the design process to a successful conclusion. The Owner’s needs and budget goals are clearly understood very early in the design process and the Owner’s budget goals define the goals and progress of the design.

Target Value Design. Target Value Design is a design discipline that requires project values, cost, schedule, and constructability to be basic components of the design criteria, and that uses cost targets to drive innovation in designing a project to provide optimum value to the Owner. The Target Value Design goals are defined at the onset of the Project, continuously reinforced by ArchitectEngineer, Owner, and Contractor for the duration of the Project, and used to guide the design process to a successful conclusion. The Owner’s needs and budget goals are clearly understood very early in the design process and the Owner’s budget goals define the goals and progress of the design.

Target Value Design. The term “Target Value Design is Design” means a design discipline process that requires Design Build Entity to include project values, cost, schedule, and constructability to be as basic components of the design criteriaDesign Work, and that uses using continuous cost targets to drive innovation in designing a project to provide optimum value to Judicial Council and to ensure the OwnerDesign Work is consistent with the Performance Criteria Documents, Target GMP, and Contract Time. The “Target Value Design goals are defined at Design” process for the onset Project shall comply with the definition and requirements then in effect of the ProjectLean Construction Institute, continuously reinforced by Architect, Owner, and Contractor for the duration of as may be amended during the Project, and used to guide the design process to a successful conclusion. The Owner’s needs and budget goals are clearly understood very early in the design process and the Owner’s budget goals define the goals and progress of the design.