The purpose of this study is to optimize costs by analyzing a case study of the Energy Utility Company (EUC) project in Malaysia and building the main electric distribution station (MEDS) project specifically. In order to achieve this objective, Value Engineering (VE) technique as one of the proven tools was selected, and three alternatives were applied. The first alternative was to reduce the room sizes of the building. The second alternative was to replace the plaster painting with normal painting, and the last one was to replace painting up to 1.5 meters with 1 meter of the high of walls from the floor. Results approved that the implementation of VE has successfully reduced the cost of the project without compromising the quality of the materials. For the first alternative, 17.1% of the cost was saved. Regarding the second alternative, 69.8% of the total cost for ceiling painting was saved, and for the third alternative, 41.6% of the total cost of walls from the floor was saved. The findings of this research may serve as a guide for engineers, scholars, and constructors to reduce the cost of the building project.

/pdf/implementation-of-value-engineering-in-optimizing-project-3bjhmcocwl.pdf

Implementation of Value Engineering in Optimizing Project Cost for Sustainable Energy Infrastructure Asset Development

Over the past half-century, value engineering (VE) has emerged as an effective tool to manage time, costs, and quality with an aim to maximize value. It has been shown to be a highly effective approach for evaluating current construction projects. However, this tool’s application in the construction domain is quite variable. This research aims to provide an in-depth quantitative and qualitative content analysis of the application of VE in construction projects. It is found that new research over the past decade has continuously improved the efficiency and productiveness of VE practices. Current work focuses on integrating VE with other disciplines, applying VE in diverse project domains, assessing VE performance, and developing new VE technologies. This broad review highlights some of the key areas of interest that required future investigation to ensure the continued delivery of value in the ever-changing and evolving construction industry.

/pdf/a-decade-of-value-engineering-in-construction-projects-2bqvkm28.pdf

A Decade of Value Engineering in Construction Projects

The Libyan Government decided to build 1,500 schools in the reconstruction plan. Libyan Construction Industry (LCI) suffers from projects’ poor value. So, effective management of resources is crucial. LCI should adopt cost-optimizing tools. This study applied value engineering (VE) to School Model 15 at Al-Khums City to maximize the utilization of the available budget. The saving of the significant items ranged between 20% and 30% leading to cost reduction in the overall project. The study concluded that Educational Facilities Authority (EFA) could save about 30% of the assigned funds. This result encourages the EFA to create a VE department in its organization. 

Value engineering: Case study of Libyan educational buildings

The Adoption of Value Engineering Practices in the Libyan Construction Industry

https://iopscience.iop.org/article/10.1088/1755-1315/498/1/012109/pdf

M. M. Elsonoki

Papers

The Adoption of Value Engineering Practices in the Libyan Construction Industry

Value Engineering Practices in The Libyan Construction Industry: A Preliminary Study