Value Engineering pays dividends prior to a building project tender process

Prior to putting a $45 million science complex project out to tender, a major Canadian University initiated an independent VE study to reduce the likelihood of cost overrun. The study was restricted to areas where major cost / worth inequities could be identified, cost estimates seemed excessively high/ low, or constructability issues existed due to site restrictions. An analysis of 49 items identified potential savings of $6 million and a further $100,000 of potential additional costs. As a res...

BPIR Categories

11.1.2 Manage resource allocation
11.6.1 Manage capital planning