Value Engineering - SMARTER
Keep our SMARTER value engineering advice in mind when starting your project:
S – Simplify the process for effectiveness. A continuously updated list throughout the project’s lifecycle is sufficient.M – Maximize your architect’s role by incorporating value engineering into their scope of services.
A – Assess early specifications by requesting a materials and product list from your architect. Obtain material quotes from suppliers who can suggest cost-effective alternatives.
R – Reuse and recycle materials where possible, including from demolition or external site works.
T – Think modern construction methods, such as modular or prefabricated elements (e.g., precast concrete plank slabs, truss roofs, or proprietary partition systems).
E – Explore government grants, tax reductions, or fee exemptions for meeting sustainability or efficiency requirements.
R – Review direct purchasing options for materials such as white goods, sanitary ware, and decorative fixtures to avoid contractor markups.
Putting SMARTER into action - Further considerations:
Understand the strengths and limitations of your designers and contractors to implement value engineering.
Recognise benefits of construction and program efficiencies when assessing value engineering.
Understand that late-stage value engineering is less effective for cost savings.
Consider long-term factors such as maintenance costs, operational efficiency, and potential resale value.
Successful value engineering begins at the inception of a project and continues through to its completion.
Remember, true value engineering reduces costs without compromising quality or intended outcomes of a project.
Contact us for bespoke value engineering optioneering as part of a cost plan or as a standalone service.