Value theory in lean construction

Abstract

Purpose

The purpose of this paper is to investigate the common perspective of value for lean construction (LC) researchers and practitioners. Thus, this paper aims to generate a future discussion in the construction sector about the huge impact of construction projects over the entire society and, consequently, to underline the need of an expansion of current value perspectives moving from a local context (project level) to a global context (society).

Design/methodology/approach

The paper critically reviews the concept of value from LC perspective. As such, literature review has been conducted as a main task.

Findings

LC value perspectives lack in a common idea to be applied in the construction industry as a whole. Customer‐focused construction practices, where satisfaction of customer requirements predominates over societal welfare.

Research limitations/implications

The work described forms part of a larger study intended to expand common value perspective to the wide society. Therefore, a future global model of value should be proposed and validated through an interactive workshop with participation of relevant actors in construction industry.

Practical implications

Construction industry should reformulate current practices and governments, as representative of the society, should promote construction regulation policies based on delivery of value including environmental and social issues.

Originality/value

The concept of value is placed in a global context, changing common LC perspective. Thus, this paper gives the opportunity to continue discussing the contribution of construction industry to the cure of environmental and social issues.

Citation

Salvatierra‐Garrido, J. and Pasquire, C. (2011), "Value theory in lean construction", Journal of Financial Management of Property and Construction, Vol. 16 No. 1, pp. 8-18. https://doi.org/10.1108/13664381111116043