According to the Society of American Value Engineers International (SAVE International), value engineering is the process of optimizing projects and processes so that owners can benefit from reduced costs, improved performance and quality, increased satisfaction and higher profits.
The National Institute of Building Sciences put it as a set of disciplined methodologies that aims for optimum value for initial and long-term investment. Value engineering, thus, is a creative and organized effort to analyze the requirement of a project so that you can ensure the essential functions at the lowest possible costs.
Contrary to popular belief, value engineering is not a cost cutting process. We are not looking to save you money by eliminating essential functions or using low-quality systems. Instead, we conduct a thorough investigation focusing on value and economy to determine alternative design approaches, materials and construction techniques for meeting the client's requirements without compromising on function or value.
Our multidisciplinary team can take help of various methods to reduce cost while maintaining value. Some of them include-
- Removing or modifying components or systems that aren't necessary for essential functions
- Eliminating over engineering of systems
- Using alternative design approaches to achieve value at lower costs
- Modifying or replacing components to improve performance or quality to meet owner requirements
Let's take an example to show you how you can benefit from value engineering. One of the most common scopes of cost savings, as we have seen over the years, lies in oversized systems. Such systems create various issues when it comes to consolidation of equipment and optimum layout of engineering communications. Often, the system designs don't consider the local market or climate conditions.
Oversized systems will also need more space to house mechanical equipment, piping and ductwork. They are also not efficient in terms of controlling humidity levels effectively which impact the architectural and structural aspects as well.
When you take help of value engineering at the right time, you can easily identify such oversized systems and components and take remedial measures. We will help you determine the perfect system size for your facility so that you don't end up spending more than necessary.
Value engineering, in simple words, is the process of creating optimum value for every dollar spent on your project. You can take help of value engineering throughout the design process to control your costs on the project budget. We enhance your value by choosing items that offer maximum value at a minimal cost and meet the applicable codes and regulations.
YOUR GUIDE TO SAVINGS AND VALUE