A case for target value design towards effective low-cost housing project cost management and performance South-East Zone Nigeria

Reports over the past decade, reveal the trend of poor cost performances of many Low-cost Housing (LcH) projects. This have apparently resulted in huge monetary losses to the government as the client, declining housing supply and undermined affordability of many Low and Low-medium incomes particularly in developing countries like Nigeria. In spite of the changes with contemporary trends in Nigeria, it would appear that the techniques employed in the management of the delivery costs of the LcH projects particularly in the South-east zone are yet similar to those used over a century ago. This necessitates urgent and appropriate sustainable intervention strategies adopting cost-effective techniques. Prior studies affirms the implications of modern cost management techniques such as Target Value Design (TVD) in improving delivery cost performances on construction projects. For this reason this paper which forms an integral part of an ongoing doctoral study, aim to identify the efficacy and applicability of TVD in