Construction Today - May 2017 - 10
Value engineering allows you to cut costs without compromising quality. BY PAUL RUIG
managers can cut
costs out of the line-of-sight of
the end user.
articularly in construction projects
with tight budgets or in softening
markets, being as cost-efficient as
possible is critical. One of the best
ways construction managers can accomplish
this is through cutting costs out of the lineof-sight, where it won't be noticed by the
This idea of "value engineering" was introduced by Lawrence Miles while working
at General Electric during World War II.
With a shortage of cash and raw materials,
he needed to find a solution to eliminate
costs without sacrificing the quality of the
CONSTRUCTION-TODAY.COM MAY 2017
Many years later, value engineering strategies are more valuable
than ever. Builders, engineers, designers, owners, management
staff and anyone else involved with the project should be consulted
when developing and employing these cost-saving measures, 60
percent of which can be found long before the project breaks ground
during the planning and pre-construction phases.
Here are four simple ways to employ value engineering in your
next construction project:
* The 10-Foot Rule - High-quality finishes using authentic materials are often worth the added cost as long as they can be appreciated. But using the same materials throughout one building
in all areas can be a waste because a portion of your finishes are
out of the occupant's line-of-sight. Genuine wood floors instead
of laminate may be worth the added cost, but do you really
need real wood for the exposed beams of a restaurant's ceiling?