Value Engineering is a process consisting of the systematic application of analytical, creative and evaluation techniques on a multi-disciplined basis to achieve the desired functions in a design or process while maximizing value and maintaining or improving required functions and decreasing cost.

Why does Value Engineering work?

• All projects have unnecessary costs.
• Decisions are often made without knowing the cost impact.
• The design process focuses on expected solutions.

Benefits of a VE Program:

• Reduce cost while increasing function, performance and quality.
• Accomplish more projects for the same money.
• Validate that capital expenditures are appropriate for program needs.
• Validate planning and design decisions.
• Validate project costs.

Common misunderstandings of VE:

• Designers do it as a normal part of their design process.
• Design review locates errors.
• Used simply to cut costs when the project is over budget.
• The only reason to do it is because it is mandated.

What projects are candidates for VE:

• Projects with construction costs greater than $2 million.
• Projects with complex designs.
• Projects that are over budget.
• Projects with construction concerns.