IN VALUE ENGINEERING, one of the major disciples under PMC focuses on ensuring a project’s quality, performance and functionality while minimizing construction, operation and maintenance costs. It is a technique that is used to identify ideas for lower cost, higher value alternatives. It allows the creative generation of solutions to specific functionality problems, without reducing the scope of the process.
Value Engineering is a conscious and explicit set of disciplined procedures designed to seek out optimum value for both initial and long-term considerations. Value Engineering (VE) is not a design/peer review or a cost-cutting exercise. VE is a creative, organized effort, which analyzes the requirements of a project for the purpose of achieving the essential functions at the lowest total costs (capital, staffing, energy, maintenance) over the life of the project. Through a group investigation, using experienced, multi-disciplinary teams, value and economy are improved through the study of alternate design concepts, materials, and methods without compromising the functional and value objectives of the client.
The credits that can benefit from the PMC’s input are: construction activity site selection, development density and community connectivity, site development optimize energy performance, construction waste management, recycled content, regional materials, innovation in design etc. At the Planning stage of development, there are following benefits to be derived from a Value Engineering Workshop. The project will be developed with fewer changes, redesigns, and a greater understanding by the client. We give opportunity to client to discuss the cost estimate, and proposed implementation schedule and approach, with a view to implementing the best value for the money.
Project management ties together all activities on a project. A project may be well conceived and adequately financed; the contracts may be carefully drawn up, the contractors and workers highly experienced. But if all aspects of the project are not expertly integrated and managed, it may overrun the budget, fail to meet the schedule, or fall short in technical quality. We know how to manage all aspects of even the most complex project, from engineering to procurement to construction and completion. We also are experts at resolving conflicts and identifying issues before they become problems. Our teams focus on the overall picture, establishing priorities and coordinating activities and participants to ensure quality projects that are delivered safely, on time, and within budget.
Our teams look beyond conventional PMC services by adding value at every step of the project and thereby enabling us to move ahead of our competition. Our value-ads are proposed as an advantage to both the developers and the future occupants of a project. The rich experience we have gained from successful projects that we have executed, constantly helps us to overcome complex issues in a project life-cycle.
This extends from infrastructure works to buildings where we are able to benchmark residential construction costs and advise on cost saving options. Value engineering services will vary to project specific needs, but include:-