There is a lot of talk about value engineering. But what is it exactly? And how does it work in your best interest as a buyer of construction services?
By definition, value engineering was born in General Electric during World War II. The shortage of skilled labor, raw materials and parts forced Lawrence Miles of G.E, the father of what he called "value analysis", to look for acceptable substitutes. Miles and his team noticed that these substitutions often reduced costs, improved the product, or both.
This systematic methodology was quickly recognized as a powerful approach to problem solving, and value engineering was adopted in many commercial sectors, including the construction industry. It is a methodology defended by the Friede & Associates team.
Value engineering is not a euphemism for "cheap". Applied correctly, it is a process to analyze each material and system used in a building to determine where savings can be obtained, without sacrificing quality or performance. Seeing a project through the lens of value engineering services requires technical knowledge and skillful analysis by the designer and the builder. The benefits of short-term savings (costs of materials and facilities) are compared with life cycle costs (maintenance and replacement of materials during the life of a building).
According to industry experts, the initial construction costs represent only 11% of the total life cycle costs of a building. That's why early decisions have such a critical impact on the cost of ownership of the plans at hand. Working together, designers and builders can share their experience and experience to develop solutions that often result in significant cost reductions throughout the life cycle, even if that means spending a little more at the time of construction .
We have found that the highest value can be achieved when each phase, from the preliminary design and specifications to the final details, is carefully planned, managed and monitored to optimize time, cost and labor efficiencies. When the design / construction team works together from the start of a project, you can specify the correct materials from the beginning, thus avoiding unnecessary change orders and maintaining the schedule.
With more than a century of experience, Friede has learned to recognize intelligent and effective ways to manage construction costs. To put this experience to work for you, contact Scott Truehl at Friede & Associates at 608-524-4383 or by email at sgtruehl@friede.com.
Something you should know about Friede & Associates:
When you select Friede & Associates, you are buying more than our construction services with quality assurance. You also get the performance and reliability of some of the major suppliers and subcontractors in the area. While other contractors may reduce quality to remain competitive in the price, Friede is forging relationships with the project team members to provide the best value and the best quality for their investment.
Technosoft Engineering is a global provider of packaging equipment design, integrated services and IoT for several EPCM engineering and manufacturing and service verticals in the oil and gas industry.
Comments
Post a Comment