Abstract
This study assesses the implementation of value management (VM) in the South African
construction industry, in the case of the Gauteng Province of South Africa. The data used in
this study was derived from both primary and secondary sources. The secondary data was
collected via a detailed review of related literature. The primary data was collected through
questionnaires which were distributed to construction professionals. The analysis was based
on 103 completed questionnaires out of 200 that were sent out. This reflected a 52 per cent
response rate. The study revealed the awareness levels of value management amongst
construction professionals. It was found that the respondents first heard about the term ‘value
management’ in an academic institution, from friends, colleagues, courses or the Internet.
The extent to which VM is being employed was also revealed. In addition, the competency of
the quantity surveyor in implementing VM was also examined. The study also assessed the
future role of the quantity surveyor in VM and finally, the challenges affecting the adoption
of VM in the construction industry were highlighted. It is therefore recommended that
construction organisations in South Africa invest in value management on a larger scale in
order to develop the South African construction industry. In this study valuable contributions
are made to the body of knowledge on the subject of value management in the construction
industry. The value of the study is to add new information on the position of VM
implementation in the South African construction industry.
M.Tech. (Quantity Survey)