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It quantifies the benefits of MTC technologies, including Cross Laminated Timber (CLT) and GluLam beams and columns, and offsets these quantified benefits against material costs used in conventional cost-versus-cost estimation. A worked example evaluates TCP for a mid-rise apartment complex in Australia, demonstrating productivity gains and reduced on-site duration and associated risk and time costs versus traditional concrete construction.",{"@graph":69,"@context":115},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/understanding-costs-and-identifying-value-in-mass-timber-construction-calculating-the-total-cost-of-project-tcp/268717/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/understanding-costs-and-identifying-value-in-mass-timber-construction-calculating-the-total-cost-of-project-tcp/268717.png","ImageObject",300,407,{"name":92,"@type":93},"Eliana","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-15",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",12,{"@type":107,"mainEntity":108},"FAQPage",[109],{"name":110,"@type":111,"acceptedAnswer":112},"What productivity outcome does the analysis find compared with traditional concrete?","Question",{"text":113,"@type":114},"The analysis identifies a productivity gain that leads to a 30% reduction in on-site duration. This reduces exposure to risk and time-related costs relative to traditional concrete construction.","Answer","https://schema.org",{"og:url":83,"og:type":117,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":119,"canonical":83},"index,follow",{"doc_id":121,"site_id":62},268717,1789435474,{"code":4,"msg":5,"data":124},{"doc_id":121,"user_id":125,"nickname":92,"user_avatar":126,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":127,"file_id":128,"file_url":129,"file_type":130,"file_size":131,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":132,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":133,"faqs":134,"seo_title":135,"seo_description":67,"update_tm":122,"read_time":136,"preview_page_count":4},4398048949847,"https://ap-avatar.wpscdn.com/avatar/400002536579ef2da7f?_k=1778318612642679267","Mass Timber Construction [Journal | www.masstimberconstructionjournal.com](Journal | www.masstimberconstructionjournal.com) Volume. 1. Copyright © 2018  \nEconomic Review  \nUnderstanding Costs and Identifying Value in Mass Timber Construction: Calculating the ‘Total Cost of Project’(TCP)  \nPaul D. Kremer1 & Laurence Ritchie2  \nWith any new technology introduced to market there is often an education process for industry stakeholders to understand the benefits. The present paper sought to explain the difference between ‘costs’ and ‘value’ in Mass Timber Construction (MTC). Specifically, the paper focuses on what has been termed the Total Cost of Project (TCP), in which the value (benefits) of using MTC technologies—such as Cross Laminated Timber (CLT) and Glue Laminated (GluLam) beams and columns—is quantified and offset against material costs in a pure cost-versus-cost calculation commonly used in traditional construction estimation/quotation. The quantification of ‘value’, as defined by various stakeholders along the supply chain, is seen as an opportunity to demonstrate the holistic advantage of MTC. The present paper provides a worked example looking at the cost and value of using MTC for the builder, as stakeholder, TCP of a mid-rise apartment complex in Australia.  \nThe analysis identifies a productivity gain, resulting in a 30% reduction in duration on site, ultimately resulting in reduced risk exposure and time related costs compared with traditional concrete construction.  \nKeywords: Cost versus value, Mass timber construction, Cross laminated timber, Quantity surveying,  \nProductivity  \nMass Timber Construction (MTC) is a new construction  \nmaterial and methodology that involves the production of timber elements within a manufacturing centre, which are then shipped to a construction site and assembled (Kremer & Symmons, 2015) . One such technology within the suite of MTC‘disruptive technologies’ is Cross Laminated Timber (CLT) . CLTis a timber based technology in which timber boards are gluebonded in layers in alternating directions and pressed to forma solid rectangular billet. From these billets, panels are cut and penetrations are made with millimeter accuracy using a Computer Numerical Cutting (CNC) machine. Once completed, the panels are sequenced for installation and shipped to the construction site for assembly. CLT falls under an umbrella of technologies within the ‘prebuilt’ or ‘preconstruction’ market, whereby construction industry stakeholders attempt to use controlled offsite manufacturing environments to achieve improved on-site productivity gains (Forsythe and Carrick, 2013) .  \nLike any new technology introduced to market, there is often an education process required to be undertaken by various stakeholders within the industry to understand the benefits and the potential impacts of the technology on industry. The introduction of MTC into the global construction market is no different. Indeed, one of the advantages of MTC over more traditional forms of construction is the unique way in which the‘value’ is quantified in order to derive a benefit for those adopting the technology. The value of MTC can be defined even further to  \nContact  \n1Dr Paul Kremer  \nUniversity of Melbourne Building B, Grattan St, Carlton [drpaulkremer1@gmail.com](drpaulkremer1@gmail.com)  \n2 Laurence Ritchie  \nWoodsolutions  \n10-16 Queen St, Melbourne [laurence.ritchie@woodsolutions.com.au](laurence.ritchie@woodsolutions.com.au)  \nMass Timber Construction Journal  \nReceived 2th of August 2018, Accepted 28th September 2018 DOI: Not Assigned  \nrelate to the exact position a stakeholder occupies along the supply chain. Unfortunately, some forms of ‘value’ are difficult to quantify and require additional calculation to realise completely. The aim of this paper is to educate industry stakeholders through a ‘costs versus value’analysis of MTC. However, before we deepdive into the topic, let’s settle and agree on some terminology, which sha","cbCaimZDblSaeRNP","https://ap.wps.com/l/cbCaimZDblSaeRNP","pdf",210530,"English","# Economic Review\n## Understanding costs and identifying value in mass timber construction\n## Total cost of project (TCP) method\n## Stakeholder value quantification\n## Worked example: mid-rise apartment complex in Australia\n## Definitions of cost and value in MTC","[{\"question\":\"What productivity outcome does the analysis find compared with traditional concrete?\",\"answer\":\"The analysis identifies a productivity gain that leads to a 30% reduction in on-site duration. This reduces exposure to risk and time-related costs relative to traditional concrete construction.\"}]","Understanding Costs and Identifying Value in Mass Timber Construction: Calculating the 'Total Cost of Project' (TCP) | PDF",13]