Value Engineering – Three Simple Steps to Start
By Tyler Dean, Project Manager
“A lot of times, people don’t know what they want until you show it to them.”—Steve Jobs.
There are a number of fancy definitions out there regarding Value Engineering (VE) but make no mistake, the name of the game is the same or better value for less cost. Value engineering isn’t just the materials involved but the method of construction, design details and specific scopes of work. With the request for VE so common these days, why should you formally add it to your RFP & construction process? By adding a few simple steps that take less than 10 minutes, you can reap thousands of dollars (or more) in savings. Steve Jobs once said, “A lot of times, people don’t know what they want until you show it to them.” So what questions should you be asking?
3 Steps from RFP to Closeout
- When forming the bid package. When you are sending out a request for proposals, make sure your bid form includes (at the very least) “We welcome all VE recommendations for the scope of the work.”
- Within a few days of sending out the RFP. Verify that your representative (architect or design build contractor) is taking the time to review each division of the scope for specific VE ideas and questions to present to both YOU and their subcontractors.
- Contractor selection to end of construction. Value engineering never ends. VE items that may have been overlooked during the bid process are more easily seen during construction. Continuously keep that bug in your contractor’s ear to find cost saving measures throughout the construction process.
Three easy steps is all we’re recommending. If you can remember to build those into your meetings along the way, an extra 10 second question can make a big difference. Want to know more ways your contractor can help you find savings, give us a call at 913-599-1040.