value engineering
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The key to obtaining the greatest value from a construction project is to review the decision making process as early as possible. The value benefit curve decreases over the time line of a scheme. Cyril Sweett therefore welcomes being involved with value reviews at the earliest opportunity followed by a regular series of interventions as the project proceeds. We have first class systems for drilling down into the rationale for expenditure and we test whether better value solutions exist.
Although early intervention is important, projects may change their funding availability or other circumstances may arise requiring a rapid review of the project at later stages. Cyril Sweett will lead any such review and find the most appropriate means of bringing down cost.
Underpinning all of our work in this area is that a whole life cost approach will be taken at all stages. Cyril Sweett recognises that the simple removal of capital cost without reference to the long-term consequences is inexcusable. The life cycle implications will always be part of any reporting on the cost benefit of any value engineering proposal.
Complex or programme base value management services are undertaken by our specialist value management consultants.
The scope of our value engineering service offer includes the following:-
- reviewing budgets and cost plans
- participation in value engineering workshops
- assisting alternative design studies
- alternative specification studies
- detailed costing of value engineering proposals
- capital and whole life cost assessment
