Implementation of Value Engineering Techniques in Residential Construction Projects - A Case Study

Abstract

Value Engineering may be a creative, organized effort, that analyzes the necessities of a project for the aim of achieving the essential functions at rock bottom total prices over the lifetime of the project. Through a bunch investigation, mistreatment experienced, multidisciplinary teams, value and economy are improved through the study of alternate style concepts, materials, and ways while not compromising the useful and value objectives of the client. price engineering is that the method of relating the functions, the standard and also the costs of the project within the determination of optimum answers for the project. a cheap solution is achieved by an application of VE principle for completely different parts of the structures relating its quality and quantity. This study in the main focuses on new techniques, ways and materials which will be adopted in construction industry, in that, its cost, quality, method time and practicableness are considered. price Engineering focuses on accomplishing the desired functions at rock bottom overall cost. It helps in eliminating or minimizing wastage of material, time, and reserve cost, which improves value to the customer.