Anyone who has worked on a Commercial Construction project has most likely heard the term “value engineering.” When a project is running over budget and people involved are looking for methods to minimize expenses, the word is frequently used. Because it is sporadic that the customer has a limitless budget, it is far preferable to use value engineering techniques from the start of the project.

What exactly is Value Engineering?

Value engineering is not a new notion, and it is more than just cost reduction. GE developed the idea of “value analysis” during World War II. They were striving to create desperately needed items in severe shortages of raw resources, skilled personnel, and various parts.

Only if VE can achieve the owner’s vision at the lowest feasible design and construction cost will it be advantageous to the project owner. Here are some of the main reasons value engineering should be … READ MORE