Value Engineering (VE)

Value Engineering (VE) is a systematic and structured approach that improves projects, products and processes. VE helps achieve balance between required functions, performance, quality, safety and scope with the cost and other resources necessary to accomplish the requirements.

Our team of qualified and experienced multi-disciplined professionals and specialists performs VE.

Our services include, but not limited to:

  • Value Engineering study for various projects like airports, industrial infrastructure, residential/commercial complexes, educational institutions etc.
  • We conduct VE studies as per SAVE International’s standard job plan, which consists of six phases:
  1. Information: Gather information to better understand the project.
  2. Function Analysis: Analyze the project to understand and clarify the required functions.
  3. Creative: Generate ideas on all the possible ways to accomplish the required functions.
  4. Evaluation: Synthesize ideas and concepts and select those that are feasible for development into specific value improvements.
  5. Development: Select and prepare the ‘best’ alternatives for improving value.
  6. Presentation: Present the value recommendation to the project stakeholders.
  • Cost estimates and scope statements are checked thoroughly assuring that nothing has been omitted or under estimated.
  • Multi-discipline team approach.
  • Organizing training and workshops for Government and private entities.
  • Promoting awareness of Value Engineering
Benefits
  • Avoid all unnecessary costs.
  • Overall project savings between 5 to 20%.
  • Reducing costs while maintaining and improving the same functions and quality of the projects.
  • Systematic problem solving process.
  • Savings in initial and Life Cycle Cost.
  • Assuring the best value will be obtained over the life of the building.
  • Developing and creating innovative ideas.
  • Value oriented (measurement of scope performance/project costs)
  • Function-based analysis
  • A proven Management Technique
  • Simplifying procedures.
  • Improving project schedules.
  • Reducing waste.
  • Increasing resources, procurement and procedural efficiency
  • Improving quality management
  • Protects the Client, Designer, Contractor and user from excessive capital, O&M and life cycle costs.