Cost Planning and Value Engineering

Cost plans are prepared alongside the project proposal for cost control. To ensure that the project is meeting the functional requirements of the project brief, we provide you with a structured review and elemental cost plan wherein the key cost drivers are determined. This document is especially fundamental in maintaining an effective management and tracking system as the project progresses; allowing both owners and contractors to collaborate on alternative cost studies and design solutions that remain committed to value engineering.

Value engineering, in the simplest possible terms, is the creative and organized effort of the project management team to achieve the essential long-term functions of a project at the lowest possible cost. As we implement investigative, experienced, and time-tested alternative methods in design concepts, material procurement, and resource management, economical value is improved without compromise of the quality.

The Main Points of Value Engineering:

• Value Engineering determines the basic function of an item.

• Value Engineering evaluating high cost areas and systematically reducing those costs.

• Value Engineering analyzes a problem area and developing alternative ways of resolving the problem.

• Value Engineering selects the best possible alternative to perform the basic function at the lowest cost.

• Value Engineering presents and promotes a proposal.

• Value Engineering also simplifies, resulting in increased reliability and ease of maintenance.

• Value Engineering extends financial, manpower, and material resources.