Value Management Awareness by Practitioners In Real Estate Development Process

Abstract

The application of a method in real estate development process is needed in order to ensure the project runs smoothly. There are methods that can increase the value of the project and even discard the unnecessary cost of the project called value management. Many practitioners of real estate development in Surabaya claim that they always apply value management method. However, based on empirical data, it is known that not much research of value management in Surabaya. The purpose of this paper is to determine value management awareness of real estate development practitioners in Surabaya. Statistic descriptive analysis is used to achieve the research objectives. Results of research in this paper are real estate development practitioners’ awareness of value management and the level of application of practitioners in Surabaya on value management.