We prove that orthogonal constructor term rewrite systems and lambda-calculus with weak (i.e., no reduction is allowed under the scope of a lambda-abstraction) call-by-value reduction can simulate each other with a linear overhead. In particular, weak call-by- value beta-reduction can be simulated by an orthogonal constructor term rewrite system in the same number of reduction steps. Conversely, each reduction in a term rewrite system can be simulated by a constant number of beta-reduction steps. This is relevant to implicit computational complexity, because the number of beta steps to normal form is polynomially related to the actual cost (that is, as performed on a Turing machine) of normalization, under weak call-by-value reduction. Orthogonal constructor term rewrite systems and lambda-calculus are thus both polynomially related to Turing machines, taking as notion of cost their natural parameters.