What is Value Engineering (VE) ?
Anyone can paint a cardboard box and call it a Ferrari.
You may have heard of civil engineering, software engineering, structural engineering, or bio-medical engineering etc…all very structured stuff. Value engineering (VE) is a bit more vague…
BUT, it is very I-M-P-O-R-T-A-N-T
Value Engineering is when you find efficiencies to reduce cost and/or time without compromising quality. This is the ‘value’ part. Sounds simple? Not quite, it’s one of the trickiest parts of a project.
There are a myriad of issues to resolve, but the MOST important question is:
What is the cost saving target?
- Will it need to be redesigned….what is the design team cost?
- Will it need to be approved by Council – how long will that take?
- Can other work proceed whilst the changes are being done?
- Will an architectural change trigger a structural change?
- Will a structural change trigger an architectural change?
- Is the substituted product even available?
- Will revisions cause a delay, and will it affect funding and insurances?
- Will the contractor charge costs for delays?
- And many more…
People often focus on the design itself, but what really matters is what goes into the build. To successfully carry out a VE exercise, you need someone who can see the big picture, do the costings in real time (often before much design is completed!), and stay on top of all the moving parts. And no, this isn’t something that that ChatGPT can do.
That’s where we come in. We’ve helped many of our clients with value engineering on their projects, finding solutions which save money and time while keeping quality front and centre.
We have in-house quantity surveyors, engineers and experienced project managers to help you with value engineering based decision making.
Anyone can paint a cardboard box and call it a Ferrari, but we focus on delivering results that truly work for you, no gimmicks, just smart, cost effective solutions.
See VE in action here:
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