Value engineering

About: Value engineering is a research topic. Over the lifetime, 1231 publications have been published within this topic receiving 10882 citations. The topic is also known as: VE.

Coventry Framework Partnership

Abstract: The paper describes the establishment of a framework partnership involving Coventry City Council as highway authority, an engineering consultant and four contractors. The overall objective was to deliver improved performance for the implementation of an increased programme of transportation and civil engineering projects. The main feature of the partnership was the Coventry model, which included: a partnering board made up of representatives of all the parties and led by key councillors; joint financial incentives based on a pain/gain mechanism; joint value management/value engineering and open-book accounting to maximise cost savings; and performance-based contract extensions. Other supporting features were: a cost database continually updated by completed contracts; a strong emphasis on communications both between the members of the partnership and with all parties involved in specific projects; a computerised project status database to enable access to current financial and programme data on each proje...

Value: the criterion of design

Abstract: Value analysis, value engineering and value assurance are not just gimmicks; they are real and effective methods of reducing costs and improving profits. They differ from conventional methods of cost saving (which in many cases merely result in performances being degraded to lower costs) in that, when properly applied, they result in products which are better, simpler and more reliable.

Factors contributing to non-adoption of value engineering methodology for building services

Abstract: The procurement of building services (BS) constitutes a great challenge in the construction industries of both developed and developing countries. Adoption of value engineering (VE) methodology could aid BS components selection at design and installations stages. However, the methodology is not appropriately used by the project team during design and installation of BS. Leading to overdesign, poor quality specification, lack of team work and unreliable budget estimate. The main objective of this paper is to determine the factors preventing the adoption of VE in the procurement of BS projects. A questionnaire was design to collect information on 18 generic factors contributing to non-adoption of VE. The questionnaire was administered to randomly selected practitioners in clients’, contracting and consulting types of organisations in Malaysia. The result shows that lack of understanding of VE by clients organisations, lack of request for the services, and inadequate time to conduct the study are the most important factors deterring adoption of VE for building services. The factors analysis of result for the 18 variables produced a four (4) factors result as: Non-involvement of stakeholders; education and traditional practice; resistance to change, and lack of experience about VE. It is essentially important for industry clients to understand the importance of adopting VE so as to ensure that time required for the study are pre-planned and budgeted for at project inception