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PAPER NUMBER
A Diverse Understanding of Value in
the Building Industry
ABSTRACT
Søren Wandahl, Assistant Professor 1
Lene Faber, Ph.D. student
Erik Bejder, Associate Professor
Department of Production, Aalborg University,
Fibigerstraede 16, 9220 Aalborg, Denmark.
1 sw@production.aau.dk
The starting point of this research is the hypothesis that building projects
sometimes end in conflicts due to the practitioners’ vague and diverse
understanding of value creation. This hypothesis has been an object of
research for the last couple of years. A questionnaire survey carried out
recently provides data which verify the hypothesis. Preliminary results from
this survey and results from another study are used to discuss the diverse
understanding of value in the building industry and the implications of the
diversity. The conclusion of the triangular research is that the practitioners
have an incongruent perception of value. The highest degree of
incongruence occurs in the area of value related to money and value
related to the actual cooperation in the building process.
KEYWORDS: Value, Survey, Culture, Cooperation, Value Management
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