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Greetings!
This week we are taking a look at a topic that can help you bring your projects in on time and within budget. We hope you view this and our newsletters as another tool in your professional tool box.
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Value Engineering
"It's Never Too Early"
Given the state of the economy, value engineering (VE) the cost of a construction project is more important than ever. My experience as an architect has taught me that it is possible to substantially VE a project "up front" in lieu of waiting for actual bids to be submitted. This is especially true for alterations of existing buildings.
When it comes to value engineering a project, the earlier you do it the better. VE starts with selecting a qualified, experienced architect with a track record of bringing projects in on-time and within budget. You should involve your architect in the site selection process which will help avoid committing to a space that is not readily convertible to your program or which may be too expensive to develop due to infrastructure constraints.
It is also vital that you compile a bid list of experienced contractors who have a resume which includes projects similar in scope and scale to yours. The early involvement of your architect can also be beneficial here as they can draw from their project experience to recommend qualified bidders.
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Do you have questions or feedback about the information provided or regarding your property or building that we can answer? Contact us and we will be happy to provide you with any additional information you may need. We want to continue to offer content that interests you, our readers. Please drop us a line and let us know what topics you might want to learn more about. As always, we love hearing from you.
Sincerely,
John W. Baumgarten, RA, AIA, NCARB, LEED AP
Principal & President
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