Industry lingo is representative of some of the major advances in the processes and gains associated with construction. One such term that finds increasing popularity is value engineering. So, what is value engineering and how does it benefit the construction process?
Using engineering principles to achieve the utmost value with the least possible cost is a construction industry art form called value engineering. Value engineering involves substituting tried and tested materials and methods with less expensive options, without affecting functionality and output. One of the parts of the construction workflow that can benefit from value engineering company is MEP coordination services.
During World War II, it was at General Electric that the idea of value engineering emerged. Product value was defined as a ratio: function/cost. This implied that the value of a product could be increased by either improving its function or reducing its cost. The concept was adopted across industries, and the construction industry, specifically, enjoyed considerable benefits.
Value engineering is a resourceful, organized method of analyzing project requirements to lower total costs through the capital, staffing, energy, and maintenance expenses. Alternate designs, materials, and workflows are studied and investigated to improve value and economy.
This methodology can play a key role in improving the design and layout of mechanical, electrical, and plumbing systems, or MEP (M&E) systems. Not only is the budget drained, but there is a noticeable time delay when MEP systems clash during construction. Four features of utility installation are enhanced when MEP systems are efficiently developed using the value engineering method.