Value Engineering is the process of analysing the functions and qualities of projects to generate practical, cost-effective alternatives which will meet the client's requirements. Quantity Surveyors play an important role in value engineering. For the Quantity Surveyor, value engineering is all about ensuring the lowest possible construction costs whilst meeting the clients' performance, reliability, and quality requirements. Quantity surveyors can suggest value for money alternatives such as using alternative construction methods to reduce the construction costs of a project. It can also be used to identify ways to eliminate unwanted costs on a construction project. However, value engineering should not be viewed as a cost-cutting exercise, which is often a common misconception in the construction industry. In reality, value engineering allows the same quality to be achieved while using cheaper products. It is important to note that this exercise is most effective during the initial phases of the project life cycle; this allows everyone working on the project to make better decisions that improve the quality and efficiency of the project along the way. In addition to this, this process reduces life cycle costs and a projects environmental impact.
Here are a few ways in which the construction costs can be reduced:
Evaluating the effectiveness of the current design
Considering the use of cheaper/more affordable building materials
Reviewing the procurement route
Finding different methods to reduce the construction period.
The way that we envision Cost Value Engineering is providing value for money to our clients. Triumphant Zoe creates a systematic, organized approach to providing necessary functions in a project at the lowest cost. Our value engineering services promote and incorporate the substitution of materials and methods with cost-effective alternatives, without sacrificing functionality which result in cost savings.
We are a team of qualified quantity surveyors, cost managers and project managers with years of experience. We have been helping our clients from across the country with their projects for over a decade. Please email us at email@example.com or visit our website at www.triumphantzoe.com.