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Value engineering achieves maximum benefits when applied early in the building process. Changing a preliminary design is simpler than changing final construction documents, and change orders during construction are much more expensive than design changes. The project owner and VE team can also accept suggestions from bidding contractors, but these must be included in the design documents before starting construction.
Value Engineering Phase |
Description |
Information |
The VE team gathers information to get familiarized with the client’s requirements and the project. This step involves a functional analysis of the project as a whole, and also a separate analysis of its components. Based on project needs, the VE team identifies areas of high cost or low benefit. |
Speculation (Creative) |
The VE team uses brainstorming to generate a large number of potential solutions that can increase value. At this stage, the purpose is producing as many ideas as possible, without judging or rejecting any of them. |
Evaluation (Analysis) |
The potential solutions from the speculation phase are analyzed carefully, to select the ones that are feasible for the project in question. |
Development |
The ideas selected in the evaluation phase are developed in detail, to be applied in the project. These proposals include technical information and estimated costs. Also, their capital cost and life cycle cost are compared with the project baseline. |
Presentation |
As implied by its name, this phase consists of presenting the results of VE to the project owner and design team. The ideas are explained, and justified in terms of cost and benefit. |
Building Rating System |
Performance Areas |
WELL | Air, water, nourishment, light, movement, thermal comfort, sound, materials, mind, community, innovation |
LEED | Location & transportation, sustainable sites, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality, innovation, regional priorities |
Value engineering achieves maximum benefits when applied early in the building process. Changing a preliminary design is simpler than changing final construction documents, and change orders during construction are much more expensive than design changes. The project owner and VE team can also accept suggestions from bidding contractors, but these must be included in the design documents before starting construction.
Value Engineering Phase |
Description |
Information |
The VE team gathers information to get familiarized with the client’s requirements and the project. This step involves a functional analysis of the project as a whole, and also a separate analysis of its components. Based on project needs, the VE team identifies areas of high cost or low benefit. |
Speculation (Creative) |
The VE team uses brainstorming to generate a large number of potential solutions that can increase value. At this stage, the purpose is producing as many ideas as possible, without judging or rejecting any of them. |
Evaluation (Analysis) |
The potential solutions from the speculation phase are analyzed carefully, to select the ones that are feasible for the project in question. |
Development |
The ideas selected in the evaluation phase are developed in detail, to be applied in the project. These proposals include technical information and estimated costs. Also, their capital cost and life cycle cost are compared with the project baseline. |
Presentation |
As implied by its name, this phase consists of presenting the results of VE to the project owner and design team. The ideas are explained, and justified in terms of cost and benefit. |
Building Rating System |
Performance Areas |
WELL | Air, water, nourishment, light, movement, thermal comfort, sound, materials, mind, community, innovation |
LEED | Location & transportation, sustainable sites, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality, innovation, regional priorities |