Value Engineering
Value Engineering is a
process of design and
specification, which
monitors the project
from the initial
concept up to the
issuance of the last
construction variation.
Value Engineering
Analysis identifies and
provides the required
functions of a project
at the lowest possible
cost, keeping the design
intent unchanged, which
will result in the
following:
-
Savings
on construction
costs
-
Lower
life cycle costs
-
Improved
operational
performance
-
Reduced maintenance
costs
-
Identification of
risks and mitigation
strategies
It is normal that the
integration of a Value
Engineering program will
result in a project
savings of 5% to 15%,
and a functional design
constructible within
budget. At the beginning
of a project, a Value
Engineering analysis is
performed to ensure that
the design submitted by
consultant is within the
overall cost constraints
at all project phases.
This analyses is done by
examining the design and
drawing submittals,
monitoring and
commenting on their
progress in coordination
with the design
consultant in order to
make any necessary
adjustments on the
drawings to ensure that
the project remains
within budget. Cost,
time and efficiency
studies are conducted to
make sure that these
aspects are compromised.
This study also analyses
any high cost or
problematical elements
with the design.
Value engineering
analyses is done by a
multi-disciplinary team
of architectural,
structural, civil,
mechanical and
electrical engineers as
necessary for the
project. The analysis
also involves the owner,
design consultant and
the project management
party to ensure all
stakeholder requirements
are met. This team
involved in the Value
engineering study of the
project coordinates this
study from the
preparation phase till
the submittal of the
final report. Throughout
this study, the team
considers all the
project components that
have potential for high
savings, analyzes
alternate design
proposals in terms of
cost estimate until
final selection and
criteria are selected
and submitted in a final
Value Engineering
Report.
Our Value Engineering
Services Breakdown:
-
Budget Analysis and
Research
-
Construction Cost
Modeling and Cost
Control
-
VE Job Planning
-
VE Function Analysis
-
Life Cycle Costing
Modeling (LCC)
-
VE Report
Preparation and
submittal
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