In commercial construction, value engineering is the systematic process that sets out to increase the value of constructing a building. This pre-construction method involves a team of designers and engineers coming together to analyze each step of a project, ensuring maximum value. At AO Contractors, we work to improve overall value by examining the function of each component and its associated cost. Value engineering focuses on improving functionality while keeping costs low.
Value engineering is an essential pre-construction resource that can ultimately help your business save time and money. By weighing the cost/benefit ratio, you are able to make suggestions for alternate construction methods, designs, or materials that improve the value of the project.
Factors of Value Engineering
Cost: It is always important when analyzing the value of your project to consider the options that will provide you with the best value at the best cost. Your value engineering team will pitch ideas of ways to obtain less costly materials or systems of high value to your project to help bring value to your project.
Quality: While some equipment or design elements may have a higher cost, they could be justified by the quality that they bring. A quality product could have more overall value than a low-cost product.
Lifecycle: Lifecycle is similar to quality as it is important to consider long-term value. While purchasing something at a lower cost may seem like a good idea, having to spend money frequently on repairs can end up costing you more in the future.
The Future of Value Engineering
Today, technology is constantly evolving and new resources are readily available. Because of this, there are more options available for solutions. This is especially important for the construction industry, which is known for its ability to adapt to current trends and technological advancements. Value engineering is a crucial part of construction as it can be applied to a project to solve any issues associated with the process. Implementing value engineering from the beginning to ending stages of your project will help you produce the best quality product and optimum value.
With years of experience in commercial construction, Alpha Omega Contractors is your go-to construction company in Southern California. Our team helps bring your renovation wish list to life while helping you safeguard and future-proof the profitability of your business. Our team of general contractors, designers, and design-build experts will collaborate with you from the initial stages of pre-construction through to putting the finishing touches on your dream remodel project on time and within budget.
Excellent description and justification for value engineering construction projects David. Each article I have read about how Alpha Omega Contractors goes about educating clients on the importance of utilizing the prime construction commandments in managing and executing projects for their clients success, is excellent. So much more pertinent information that clients need to know then typically distributed by other construction firms. Keep up the flow of information it will multiply your success.