diff --git a/CHANGELOG.md b/CHANGELOG.md
index 45967f627..daede5a99 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -37,6 +37,8 @@ types - which is a rare usage. Please let us know if this causes an undo hardshi
    initial enhancement request that inspired this change. As a result of the changes, one method is deprecated
    in the `BasicColumn` object. If you have implemented any custom functions, please note this deprecation and update
    your code accordingly. ([#662](https://github.com/mybatis/mybatis-dynamic-sql/pull/662))
+2. Added the ability to code a bound value in rendered SQL. This is similar to a constant, but the value is added to
+   the parameter map and a bind parameter marker is rendered. ([#738](https://github.com/mybatis/mybatis-dynamic-sql/pull/738))
 
 ## Release 1.5.0 - April 21, 2023
 
diff --git a/pom.xml b/pom.xml
index 6bf569098..40db86948 100644
--- a/pom.xml
+++ b/pom.xml
@@ -1,7 +1,7 @@
 <?xml version="1.0" encoding="UTF-8"?>
 <!--
 
-       Copyright 2016-2023 the original author or authors.
+       Copyright 2016-2024 the original author or authors.
 
        Licensed under the Apache License, Version 2.0 (the "License");
        you may not use this file except in compliance with the License.
diff --git a/src/main/java/org/mybatis/dynamic/sql/BoundValue.java b/src/main/java/org/mybatis/dynamic/sql/BoundValue.java
new file mode 100644
index 000000000..7ac0bd26a
--- /dev/null
+++ b/src/main/java/org/mybatis/dynamic/sql/BoundValue.java
@@ -0,0 +1,71 @@
+/*
+ *    Copyright 2016-2024 the original author or authors.
+ *
+ *    Licensed under the Apache License, Version 2.0 (the "License");
+ *    you may not use this file except in compliance with the License.
+ *    You may obtain a copy of the License at
+ *
+ *       https://www.apache.org/licenses/LICENSE-2.0
+ *
+ *    Unless required by applicable law or agreed to in writing, software
+ *    distributed under the License is distributed on an "AS IS" BASIS,
+ *    WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ *    See the License for the specific language governing permissions and
+ *    limitations under the License.
+ */
+package org.mybatis.dynamic.sql;
+
+import java.util.Objects;
+import java.util.Optional;
+
+import org.mybatis.dynamic.sql.exception.InvalidSqlException;
+import org.mybatis.dynamic.sql.render.RenderedParameterInfo;
+import org.mybatis.dynamic.sql.render.RenderingContext;
+import org.mybatis.dynamic.sql.util.FragmentAndParameters;
+import org.mybatis.dynamic.sql.util.Messages;
+
+/**
+ * BoundValues are added to rendered SQL as a parameter marker only.
+ *
+ * <p>BoundValues are most useful in the context of functions. For example, a column value could be
+ * incremented with an update statement like this:
+ * <code>
+ *         UpdateStatementProvider updateStatement = update(person)
+ *                 .set(age).equalTo(add(age, value(1)))
+ *                 .where(id, isEqualTo(5))
+ *                 .build()
+ *                 .render(RenderingStrategies.MYBATIS3);
+ * </code>
+ *
+ * @param <T> the column type
+ * @since 1.5.1
+ */
+public class BoundValue<T> implements BindableColumn<T> {
+    private final T value;
+
+    private BoundValue(T value) {
+        this.value = Objects.requireNonNull(value);
+    }
+
+    @Override
+    public FragmentAndParameters render(RenderingContext renderingContext) {
+        RenderedParameterInfo rpi = renderingContext.calculateParameterInfo(this);
+        return FragmentAndParameters.withFragment(rpi.renderedPlaceHolder())
+                .withParameter(rpi.parameterMapKey(), value)
+                .build();
+    }
+
+    @Override
+    public Optional<String> alias() {
+        return Optional.empty();
+    }
+
+    @Override
+    public BoundValue<T> as(String alias) {
+        throw new InvalidSqlException(Messages.getString("ERROR.38")); //$NON-NLS-1$
+    }
+
+    public static <T> BoundValue<T> of(T value) {
+        return new BoundValue<>(value);
+    }
+}
diff --git a/src/main/java/org/mybatis/dynamic/sql/SqlBuilder.java b/src/main/java/org/mybatis/dynamic/sql/SqlBuilder.java
index 9917febc6..0e2f372b3 100644
--- a/src/main/java/org/mybatis/dynamic/sql/SqlBuilder.java
+++ b/src/main/java/org/mybatis/dynamic/sql/SqlBuilder.java
@@ -1,5 +1,5 @@
 /*
- *    Copyright 2016-2023 the original author or authors.
+ *    Copyright 2016-2024 the original author or authors.
  *
  *    Licensed under the Apache License, Version 2.0 (the "License");
  *    you may not use this file except in compliance with the License.
@@ -492,6 +492,10 @@ static StringConstant stringConstant(String constant) {
         return StringConstant.of(constant);
     }
 
+    static <T> BoundValue<T> value(T value) {
+        return BoundValue.of(value);
+    }
+
     // functions
     static <T> Add<T> add(BindableColumn<T> firstColumn, BasicColumn secondColumn,
             BasicColumn... subsequentColumns) {
diff --git a/src/main/kotlin/org/mybatis/dynamic/sql/util/kotlin/elements/SqlElements.kt b/src/main/kotlin/org/mybatis/dynamic/sql/util/kotlin/elements/SqlElements.kt
index e00ebeae1..525c17407 100644
--- a/src/main/kotlin/org/mybatis/dynamic/sql/util/kotlin/elements/SqlElements.kt
+++ b/src/main/kotlin/org/mybatis/dynamic/sql/util/kotlin/elements/SqlElements.kt
@@ -1,5 +1,5 @@
 /*
- *    Copyright 2016-2023 the original author or authors.
+ *    Copyright 2016-2024 the original author or authors.
  *
  *    Licensed under the Apache License, Version 2.0 (the "License");
  *    you may not use this file except in compliance with the License.
@@ -19,6 +19,7 @@ package org.mybatis.dynamic.sql.util.kotlin.elements
 import org.mybatis.dynamic.sql.AndOrCriteriaGroup
 import org.mybatis.dynamic.sql.BasicColumn
 import org.mybatis.dynamic.sql.BindableColumn
+import org.mybatis.dynamic.sql.BoundValue
 import org.mybatis.dynamic.sql.Constant
 import org.mybatis.dynamic.sql.SortSpecification
 import org.mybatis.dynamic.sql.SqlBuilder
@@ -117,6 +118,8 @@ fun <T> constant(constant: String): Constant<T> = SqlBuilder.constant(constant)
 
 fun stringConstant(constant: String): StringConstant = SqlBuilder.stringConstant(constant)
 
+fun <T> value(value: T): BoundValue<T> = SqlBuilder.value(value)
+
 // functions
 fun <T> add(
     firstColumn: BindableColumn<T>,
diff --git a/src/main/resources/org/mybatis/dynamic/sql/util/messages.properties b/src/main/resources/org/mybatis/dynamic/sql/util/messages.properties
index ee7cb72fa..3c7742815 100644
--- a/src/main/resources/org/mybatis/dynamic/sql/util/messages.properties
+++ b/src/main/resources/org/mybatis/dynamic/sql/util/messages.properties
@@ -1,5 +1,5 @@
 #
-#    Copyright 2016-2023 the original author or authors.
+#    Copyright 2016-2024 the original author or authors.
 #
 #    Licensed under the Apache License, Version 2.0 (the "License");
 #    you may not use this file except in compliance with the License.
@@ -54,4 +54,5 @@ ERROR.34=You must specify "select" or "selectDistinct" before any other clauses
 ERROR.35=Multi-select statements must have at least one "union" or "union all" expression
 ERROR.36=You must either implement the "render" or  "renderWithTableAlias" method in a column or function
 ERROR.37=The "{0}" function does not support conditions that fail to render
+ERROR.38=Bound values cannot be aliased
 INTERNAL.ERROR=Internal Error {0}
diff --git a/src/test/java/examples/simple/PersonMapperTest.java b/src/test/java/examples/simple/PersonMapperTest.java
index f3af4d17b..f81fdc1d2 100644
--- a/src/test/java/examples/simple/PersonMapperTest.java
+++ b/src/test/java/examples/simple/PersonMapperTest.java
@@ -1,5 +1,5 @@
 /*
- *    Copyright 2016-2023 the original author or authors.
+ *    Copyright 2016-2024 the original author or authors.
  *
  *    Licensed under the Apache License, Version 2.0 (the "License");
  *    you may not use this file except in compliance with the License.
@@ -25,6 +25,7 @@
 import static examples.simple.PersonDynamicSqlSupport.occupation;
 import static examples.simple.PersonDynamicSqlSupport.person;
 import static org.assertj.core.api.Assertions.assertThat;
+import static org.assertj.core.api.Assertions.entry;
 import static org.mybatis.dynamic.sql.SqlBuilder.*;
 
 import java.io.InputStream;
@@ -56,6 +57,7 @@
 import org.mybatis.dynamic.sql.select.CountDSLCompleter;
 import org.mybatis.dynamic.sql.select.SelectDSLCompleter;
 import org.mybatis.dynamic.sql.select.render.SelectStatementProvider;
+import org.mybatis.dynamic.sql.update.render.UpdateStatementProvider;
 
 class PersonMapperTest {
 
@@ -973,4 +975,20 @@ void testMultiSelectPagingVariation() {
 
         assertThat(selectStatement.getSelectStatement()).isEqualTo(expected);
     }
+
+    @Test
+    void gh737() {
+        UpdateStatementProvider updateStatement = update(person)
+                .set(addressId).equalTo(add(addressId, value(4)))
+                .where(id, isEqualTo(5))
+                .build()
+                .render(RenderingStrategies.MYBATIS3);
+
+        String expected = "update Person " +
+                "set address_id = (address_id + #{parameters.p1}) " +
+                "where id = #{parameters.p2,jdbcType=INTEGER}";
+
+        assertThat(updateStatement.getUpdateStatement()).isEqualTo(expected);
+        assertThat(updateStatement.getParameters()).containsExactly(entry("p1", 4), entry("p2", 5));
+    }
 }
diff --git a/src/test/java/org/mybatis/dynamic/sql/InvalidSQLTest.java b/src/test/java/org/mybatis/dynamic/sql/InvalidSQLTest.java
index 01a784760..22855da4b 100644
--- a/src/test/java/org/mybatis/dynamic/sql/InvalidSQLTest.java
+++ b/src/test/java/org/mybatis/dynamic/sql/InvalidSQLTest.java
@@ -1,5 +1,5 @@
 /*
- *    Copyright 2016-2023 the original author or authors.
+ *    Copyright 2016-2024 the original author or authors.
  *
  *    Licensed under the Apache License, Version 2.0 (the "License");
  *    you may not use this file except in compliance with the License.
@@ -21,6 +21,7 @@
 import static org.mybatis.dynamic.sql.SqlBuilder.insertInto;
 import static org.mybatis.dynamic.sql.SqlBuilder.select;
 import static org.mybatis.dynamic.sql.SqlBuilder.update;
+import static org.mybatis.dynamic.sql.SqlBuilder.value;
 
 import java.util.ArrayList;
 import java.util.Collections;
@@ -253,6 +254,16 @@ void testInvalidPagingModel() {
                 .withMessage(Messages.getInternalErrorString(InternalError.INTERNAL_ERROR_13));
     }
 
+    @Test
+    void testInvalidValueAlias() {
+        BoundValue<Integer> foo = value(1);
+
+        assertThat(foo.alias()).isEmpty();
+        assertThatExceptionOfType(InvalidSqlException.class)
+                .isThrownBy(() -> foo.as("foo"))
+                .withMessage(Messages.getString("ERROR.38"));
+    }
+
     @Test
     void testBadColumn() {
         SelectModel selectModel = select(new BadCount<>()).from(person).build();
diff --git a/src/test/kotlin/examples/kotlin/spring/canonical/KotlinElementsTest.kt b/src/test/kotlin/examples/kotlin/spring/canonical/KotlinElementsTest.kt
index 44d61eac5..98e9c7a86 100644
--- a/src/test/kotlin/examples/kotlin/spring/canonical/KotlinElementsTest.kt
+++ b/src/test/kotlin/examples/kotlin/spring/canonical/KotlinElementsTest.kt
@@ -1,5 +1,5 @@
 /*
- *    Copyright 2016-2023 the original author or authors.
+ *    Copyright 2016-2024 the original author or authors.
  *
  *    Licensed under the Apache License, Version 2.0 (the "License");
  *    you may not use this file except in compliance with the License.
@@ -15,13 +15,16 @@
  */
 package examples.kotlin.spring.canonical
 
+import examples.kotlin.spring.canonical.PersonDynamicSqlSupport.addressId
 import examples.kotlin.spring.canonical.PersonDynamicSqlSupport.employed
 import examples.kotlin.spring.canonical.PersonDynamicSqlSupport.person
 import examples.kotlin.spring.canonical.PersonDynamicSqlSupport.firstName
 import examples.kotlin.spring.canonical.PersonDynamicSqlSupport.id
 import examples.kotlin.spring.canonical.PersonDynamicSqlSupport.lastName
 import org.assertj.core.api.Assertions.assertThat
+import org.assertj.core.api.Assertions.entry
 import org.junit.jupiter.api.Test
+import org.mybatis.dynamic.sql.util.kotlin.elements.add
 import org.mybatis.dynamic.sql.util.kotlin.elements.applyOperator
 import org.mybatis.dynamic.sql.util.kotlin.elements.avg
 import org.mybatis.dynamic.sql.util.kotlin.elements.concat
@@ -50,9 +53,11 @@ import org.mybatis.dynamic.sql.util.kotlin.elements.stringConstant
 import org.mybatis.dynamic.sql.util.kotlin.elements.substring
 import org.mybatis.dynamic.sql.util.kotlin.elements.subtract
 import org.mybatis.dynamic.sql.util.kotlin.elements.sum
+import org.mybatis.dynamic.sql.util.kotlin.elements.value
 import org.mybatis.dynamic.sql.util.kotlin.spring.select
 import org.mybatis.dynamic.sql.util.kotlin.spring.selectList
 import org.mybatis.dynamic.sql.util.kotlin.spring.selectOne
+import org.mybatis.dynamic.sql.util.kotlin.spring.update
 import org.springframework.beans.factory.annotation.Autowired
 import org.springframework.jdbc.core.namedparam.NamedParameterJdbcTemplate
 import org.springframework.test.context.junit.jupiter.SpringJUnitConfig
@@ -654,4 +659,19 @@ open class KotlinElementsTest {
         assertThat(rows).hasSize(6)
         assertThat(rows[0]).isEqualTo("Fred")
     }
+
+    @Test
+    fun testValue() {
+        val updateStatement = update(person) {
+            set(addressId) equalTo add(addressId, value(4))
+            where {
+                id isEqualTo 5
+            }
+        }
+
+        assertThat(updateStatement.updateStatement).isEqualTo(
+            "update Person set address_id = (address_id + :p1) where id = :p2"
+        )
+        assertThat(updateStatement.parameters).containsExactly(entry("p1", 4), entry("p2", 5))
+    }
 }