Everything You Should Know About Value EngineeringDecember 31, 2020 3:15 am Leave your thoughts
When you want to build a commercial building, bridge or other structure, how do you know whether it will meet your needs? Although engineering has certainly come a long way over the past few millennia, not every building style or material type is suitable for any given project.
That’s where value engineers come in: they help developers, architects and builders determine whether the chosen methods, materials and location are right for the project, and how to get the best quality out of them. If you’re thinking about starting a large project, read on to find out why hiring a conceptual estimating service in Indiana is crucial to its success.
What do value engineers do?
Value engineers evaluate projects based on their function and cost. A good value is a project where the performance capabilities (the function) are maximized compared to a relatively lower cost. For example, if you’re building a bridge, it needs to be capable of holding traffic, at a minimum. However, it could also serve other purposes, such as protection from flooding, a way for pedestrians to exercise, sightseeing opportunities and giving shelter to endangered species, to name a few. The more function that can be packed into a project and the lower the cost, the better value it has.
Value engineers evaluate projects after a design has been created. First, they’ll talk to the designers, builders and developers to discuss the vision and goals for the project. Then they gather information about each goal, such as “provide transportation across the river.” Once they have a better idea of what the goals are and how important they are to the overall project, your value engineer will start analyzing the cost, benefits and function. They may suggest creative ways to achieve the same functions at a lower cost, or make recommendations to optimize the existing design.
Finally, the value engineers create achievable action plans, which they present to the stakeholders. At that point, the analysis is complete, and the people in charge can decide whether to go forward with the plan or implement some of the suggestions.
Do you need a value engineer?
If you’re working on a major project, hiring a value engineer makes smart financial sense. They’re specifically trained to help optimize projects for cost and efficiency, so you get the most possible bang for your buck. In addition to the financial benefits, it’s also an opportunity to come up with creative solutions to big problems, whether that’s traffic flow, scenic value or addressing specific environmental concerns.
Hiring a value engineer will ensure that you and your stakeholders understand the various and best ways to achieve your vision. Their neutral third-party perspective allows them to look at each plan objectively, without the blocks or blind spots that invested parties may have.
Ultimately, hiring a conceptual estimating service in Indiana can only benefit your project. To get in touch with experienced value engineers, talk to the team at Benchmark Fabricated Steel today. We look forward to discussing the particulars of your project.
Categorised in: Conceptual Estimating
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