Value Engineering is a powerful methodology for solving problems and/or reducing costs while maintaining or improving performance and quality requirements.

Today, value analysis has been deemed “value engineering,” and it’s an important part of a good estimator’s process. According to NIBS, value engineering is “a conscious and explicit set of disciplined procedures designed to seek out optimum value for both initial and long-term investment.” It’s considered an organized, group effort that is meant to seek out the best value at the lowest cost.

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