When value engineering becomes a reality in a project there are pitfalls that can come with it. If you are able to keep these in mind while in the process it is easier to avoid the potential issues. Here are 4 of the challenges that you may face and ways to navigate them.
Since Value Engineering usually comes late in the project schedule, it is essential that changes are made that do not slow down the project. When looking at finishes to value engineer, if you can introduce additional manufactures, if will open up new possibilities. You will be able to search, and then present products that are currently in stock or that can be produced domestically. If an open invitation to new products is introduced, a product that is more economical may be selected, but it could have extended lead times that would slow down the completion schedule.
One of the easiest ways to save money on a project is by changing to a lower quality product. This will help the budget immediately, but it will not produce the highest quality project. If alternate manufactures are introduced, it is very possible to find products that will meet current specifications while improving the budget. Another way to make sure product quality is maintained is by simply changing the size of the specified product. For Example: if a 24x24 tile is specified for a project, it may be possible that an 18x18 is also available at a reduced cost. Many times, cost will vary based on the exact size or color of the product.
Getting Everyone On Board
There is a lot of time that is invested in projects before ground breaking has even occurred. There will have been countless hours making sure everything is in line and the perfect finishes were selected. Because of this, it is not always easy to get everyone on board with the changes that need to be made. The first thing to communicate is the reason for value engineering. If everyone recognizes and understands the need to make changes, it will be an easier process. It should also be presented as an opportunity to reevaluate the initial selections to see if there are changes that could benefit the project, regardless of the budget. It options are presented early, and all parties are involved in the decision, it will be easier to get full commitment and buy in from all parties.
Unfortunately, for many professionals, Value Engineering is a time to select products or finishes that will add margin to their personal bottom line. Staying as involved as possible in the process of product changes in essential for the decision makers. You want to make sure the project is getting maximum benefit from the process of value engineering, and that you are creating the best result for the client.
Want To Learn More About Value Engineering?
South Cypress specializes in value engineering solutions. We know your time is limited and it is our goal to have VE options for you in 24 hours. Want to see how we have helped other companies? Check out our Value Engineering page to learn more about how we have helped other companies and how we can help you on your next project.