| The technical definition of Value engineering is the act of evaluating the possible alternatives to perform a function with a desired level of quality at its minimal cost giving rise to optimum value. (Fallon, 1971) In construction, this may include the evaluation of alternative materials, construction systems, assembly techniques, and an emphasis of life cycle costing versus first cost. Value engineering has the capabilities to enhance the quality and work of a construction project if properly addressed in the pre-design phase of a project. (Macedo, 1978) The early conception of a project sets the outline for desired functions and life. Detailed study and evaluation of construction estimates refine the preliminary design into working forms and plans for the overall project. |
