Value Engineering

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.