Gain insight into why value engineering has gained prominence in the construction industry.
The objective of value engineering is to maximize a construction project’s function while minimizing the project cost. This typically involves all project participants in design-build projects. Cost reductions are accomplished with the use of less expensive alternatives to specified materials and can only be achieved if the material substitutions are more functional than the originally designed material. This video reviews value engineering and value-added materials; and discusses the life cycle analysis.
Runtime: 11 minutes
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