Construction · Defined
Value engineering
Evaluation of alternatives intended to improve value while maintaining required functions and performance.
Why it matters
A cost reduction is not useful if it omits necessary scope or creates operating and maintenance costs elsewhere. Confirm design acceptance, implementation costs, and any schedule effects.
In practice
A project example
A lower-cost mechanical option is evaluated against capacity, energy use, maintenance, and the owner’s requirements.
General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.