We generally contract for two value engineering studies: one at the completion of the concept design and one at the completion of the design development. In the design phase of federal buildings, value engineering considers alternative designs to optimize the expected cost/worth ratio while maintaining required performance, quality, reliability, and safety. Value engineering goals for individual projects are often addressed in partnering agreements. Value engineering practices are formally structured in the design phase and depend on contractor initiative in the construction phase.
Value engineering analyzes designed building features, systems, equipment, and material selections to achieve essential functions and enhance results while reducing the life-cycle cost.
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