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Value Engineering (VE) involves three initial questions: (1) What is the item’s function, (2) what does the item cost, and (3) are there other ways of performing the function at the same or a reduced cost?
MACTEC’s multi-disciplined Value Engineering teams use a seven-step, function-based methodology to identify performance improvements while reducing or controlling the total cost of ownership:
1. Investigation
2. Function Definition
3. Creativity
4. Evaluation
5. Development
6. Presentation
7. Implementation
In the past 25 years, MACTEC’s Value Engineering services have helped clients save in excess of $1.1 billion on projects totaling an estimated $11.1 billion in construction costs, providing a return on investment of 70:1. But the value methodology isn’t just about reducing unnecessary costs. It’s a consensus-building, problem-solving tool that improves organizational decision making and productivity.
MACTEC conducts successful Value Engineering assignments in all sectors - public & private. Please read more on MACTEC's Value Engineering Services or contact our VE specialist.
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