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In a recent article authored by Procore, the topic of value engineering and how it can increase project value was covered.
Every project owner or developer begins a construction project with a version of the same question: How can we achieve the best outcome at the lowest possible price within the shortest time frame? The contractors performing the work approach each job with a similar query: How do we produce work according to the specifications within the available budget, timeline, and resources? For many projects, value engineering can help answer both questions. This article explores value engineering on a construction project, including each of the six steps in the process, roles and responsibilities and how it can improve project outcomes.
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