At T.H.E we adopted Value Engineering approach that serves to solve problems and identify and eliminate unwanted costs, while improving function and quality. It’s a structured and specialist approach to the study of cost effectiveness in the design of facilities, incorporating direct construction costs, operation & maintenance factors and a life-cycle analysis of installations and systems. We conduct it at prescribed intervals and frequency during the design process.
Value Engineering is a concentrated dedicated study of installation and system design with the objective of securing real savings in the time and cost components of the Project program. The aim is to increase the value of products, satisfying the product’s performance requirements at the lowest possible cost.
Benefits of Value Engineering
There is a variety of benefits for using the VE method for projects. One of the biggest benefits is cost savings without compromising quality or performance. It can save building owners and stakeholders up to 20% or more of the construction costs.
One of the hallmarks of value engineering is sharing of creative ideas to identify alternate solutions for a better construction project. This often results in the procurement of higher quality, more durable materials and expedited project schedules.
Maintaining high quality standards is the foundation for which VE is built. And building owners and stakeholders, who want to ensure their project is constructed with the highest quality standards, will appreciate this principle.