Value Engineering Services

Eliminate unnecessary expenses to bring your project back in budget

Jack Esterson | Principal
Think! Architecture and Design

Mechanical - HVAC Engineering

Comprehensive

We leave no stones unturned to uncover every potential opportunity of cost savings.

Disruption-Less

You don't need to compromise on aesthetic appeal. Our value engineering will include work only behind the walls.

Risk-Free

You don't pay us anything unless we are able to make you save!

Spend Your Budget Wisely

Is your over budget project keeping you awake at nights? Would you like to bring back your project within budget?

An overwhelming number of construction projects cross their budgets due to various reasons. You start out with a budget and then as the construction progresses, you see extra costs piling up. As a result, your construction bids also go up, raising concerns on your profitability.

 Surely, you want to save as much as you can on your project so that your profit margin stays higher. Among various building components, your MEP systems are often responsible for increasing the costs and going beyond your budget.

Maybe you didn't choose the right size of MEP system; perhaps you over-engineered your design with unnecessary aspects; maybe your electrical room size is bigger than required- there can be many reasons why your MEP systems and installation suffer from high costs. Instead of losing heart, you can successfully bring down the cost of your project without compromising functionality through a comprehensive value engineering service.

New York Engineers is masters of unearthing opportunities for savings and can help you complete your project within your budget or even less! Our value engineers know how to eliminate unnecessary aspects from your design without reducing the value or comfort of your occupants so that you can enjoy maximum return on investment.

We ensure that your systems comply with necessary local, state and federal regulations and bring them down to code minimum to save you money. Our expert engineers know how to spot potential opportunities for cost savings from projects of any nature, whether commercial, residential or industrial.

Our value engineering service comes free of any risks as we won't charge you a single cent if we are unable to save you any money. Although, you can always be sure of potential savings as we have already helped countless clients save a total of $50 million out of their MEP systems.

If you want to increase your profitability and reduce unnecessary expenses, we are ready to help you with our value engineering service.

What does Value Engineering Entail?

Construction manager and engineer working on building site-1

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

How Can New York Engineers Help?

Our value engineering is meant to increase your profitability through a number of ways. Let's check out how we can exactly help you with our value engineering process-

  1. Improve Your Project Quality

Our value engineering focuses on maximizing the quality and value of your MEP systems. We don't like to go for inferior goods or cut back essential components just to save you money. Our team will consider the owner's requirements and optimize your MEP so that you can have the desired levels of function and quality in the least possible cost.

We can take help of several ways to retain or maximize quality. One of the methods is by going for alternative design methods or construction techniques which enhance value but doesn't add to your cost.

  1. Eliminate Unnecessary Costs

By now, you must have realized that value engineering can cut back your costs without compromising value. We can investigate all high-value systems and installations to uncover potential opportunities of savings by going for alternative materials, methods and approaches. Our team will dig into your design and find out all the ways you can save costs while retaining or maximizing functionality.

On average, value engineering can save you at least 10% to 15% in costs. We can ensure optimum cost savings as we have already saved $50 million out of MEP and know the right steps to incorporate for your project.

  1. Create Accurate Construction Drawings

Our team will review your design during value engineering to spot opportunities for cost savings. But that is not the only benefit our design review brings! We also help you identify any discrepancies or errors in your design so that they don't turn up in your construction.

Our engineers use advanced computer solutions to design your systems so that there no room for errors. The solutions are also helpful to generate bill of quantities so that you know what your project entails from the very beginning.

Our design review will help in creating accurate construction drawings, which will then ensure an efficient MEP installation and construction.

  1. Generate Energy Efficiency

Choosing the right systems and construction methods saves not only cost but also make way for energy efficiency. During our value engineering exercise, we make all efforts to choose the optimum size of equipment, effective installation procedures and alternative approaches to make your facility as energy efficient as possible. As a result, you can enjoy lower utility bills and operating costs which make up a significant portion of your savings.

You can look forward to reducing 20% to 25% of your energy consumption by following the recommendations of our value engineering.

  1. Make Way for Higher Profitability

Value engineering ultimately leads to higher profitability and earning a good name in the market. It's obvious that the more money you save, the higher is your profit. A value engineered project also improves functions and makes the space more comfortable and healthy for the occupants.

You can also increase your profit by ensuring early start or completion of your project. We can help you begin construction before schedule by delivering our value engineering recommendations in record turnaround times. You may also be able to complete your project before time following our prescribed design and construction methods.

Early completion means more money saved in terms of labor costs, equipment charges and so on.

These are the general benefits that any project can enjoy by going through value engineering. You may be able to enjoy additional benefits based on the scope of your project and prevailing circumstances. You can consult with our team to find out how your project can benefit from our value engineering exercise.

New York Engineers Value Engineering Methodology

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During this step, we try to understand the background and decisions along with key functional issues surrounding your project. Our team will also consult you to determine your objectives and understand your concept of value so that we can incorporate it effectively in our value engineering.

We will come up with as many ideas as possible to deliver the essential functions at the least initial and lifetime costs. The ideas we developed will be based on our function analysis that we conducted in the previous step.

Now comes the time to evaluate all the ideas we had come up with. We may need your help to define the criteria we will use for our evaluation. Ideas which have the highest potential for value enhancement and cost savings will be developed further.

In this step, we convert ideas into workable solutions to be implemented during construction. We will provide details on each idea including their pros and cons, cost, description and necessary design changes. We will also create designs or sketches you will need to implement our ideas.

 In the last step, we present you a list of recommendations in a typed out or email report. The report will include details such as rationale for recommendations, cost impacts and other details so that you can easily gauge the viability of each recommendation and implement the best ones in your construction.

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Why Choose New York Engineers?

New York Engineers is all about optimizing value and creating positive outcomes. We find out the best ways to cut costs and achieve functionality without degrading the quality of your systems or installations. You can work with us on a zero-risk basis, as we charge only 10% of the construction costs we are able to save.

We have value engineered almost all kinds of projects, starting from huge-scale industrial facilities to small business offices. You can always rely on our experienced engineers for coming up with the most effective recommendations which strike the perfect balance between cost and quality.

Get in touch with us to discuss your value engineering needs before you create your schematics.

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