Value engineering is a systematic structured and analytical method to reduce the Value of the project/item by providing all necessary functions at the lowest cost, ensuring with required levels of quality, reliability and performance of a product/service/items of a project. Value engineering is a combination of technical and economic management technique which leads to improves the function and reduce the cost. Major reasons for choosing Value Engineering are to achieve cost saving, make a clear project objective and provide creative thinking for design improvement as Innovations. The crucial cause of concern in Value engineering process are as follows Time saving Cost reduction. Innovations, Benefits & Efficiency Quality & Reliability In the complete life cycle of the project, the value engineering shall be a formal activity which can propose by the Contractor or Consultants in the important variations or to avoid difficulties in execut...
Construction Projects are categorized as below based on project delivery methods. Engineering, Procurement and Construction Projects (EPC projects) Engineering Procurement Installation Commissioning (EPIC Projects ) Engineering, Procurement & Construction Management projects (EPCM Projects) Lump Sum Turn Key Projects (LSTK Projects) Design-Build projects (DB projects) Design-Bid-Build Fit out project PPP projects Construction Project Procedures Below are the procedures and activities related to different types of Construction Projects based on project delivery methods. A. Design-Bid-Build Projects Feasibility Study Project Brief. Conceptual Design & scope of works preparation Specifications preparations Detailed Design and Contract Documents preparation. Local Authority Approvals submissions (DC-1) and Permits ( preliminary) Tender Process...