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Value Engineering for Your Construction Projects
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Businesses in Northeast Ohio who are considering a construction project need to seriously consider the benefits of Value Engineering, a core principle in 620 Corporation’s building methods. 620, whose business focuses on Ashland, Cuyahoga, Lake, Lorain, Medina, Portage, Summit and Wayne Counties, has been using the principles of Value Engineering in construction for many years.
What is Value Engineering? Value engineering actually began during World War II, at a time when there were shortages of skilled labor, raw materials, and parts. Engineers began to look for acceptable substitutes and learned that these substitutions often result in reduced costs, an improved end product, or both, so something that started out of necessity became a useful process that is used to this day. Value Engineering is a deliberate process consisting of several steps, and has long been used in the Design and Construction industry to achieve the best project value by aligning program, design and cost.
For example, in a typical construction project, the customer can expect to see 620’s design and construction team go through a process like this:
In the first phase – information gathering – the 620 team evaluates the requirements for the construction project. During this phase, they will review each element of the project and assign values to the individual items. The next step is to assign a dollar value to each item and actually engineer the project to a budget. These two steps enable the 620 team to begin evaluating each line item to find more cost effective options to meet the requirements of the construction project.
One of the most customer-focused construction companies in Northeast Ohio, 620’s team invests the time and effort to outline a number of building methods using value engineering for the customer’s consideration. They bring their professional experience and an independent viewpoint to the project and use value engineering to provide the best quality project at the best price possible. The customer can expect to see an outline of all options to determine where the project’s budget is best spent. This budget engineering approach provides various alternatives that can be fully vetted during discussion with the client. All of the alternatives are assessed based on how well they meet the project’s requirements and which will provide the greatest cost savings for the client.
Following the client review meeting, 620’s experts present their final recommendation to the client for in-depth discussion and decision. The Value Engineering approach used by 620 Corporation will help ensure an end product that meets or exceeds the client’s expectations, on time and within budget.
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