March 2014: Value engineering is a systematic and organised approach to provide the necessary functions in a project at the lowest cost. It promotes the substitution of materials and methods with less expensive alternatives, without sacrificing functionality. It is focused solely on the functions of various components and materials, rather than their physical attributes.
Why value engineer?
Simply speaking, for elimination of irrelevant cost. Experience in the United States shows that a typical VE study may realize savings of over 7% of the capital cost of a project and achieve a return of over ten dollars per dollar expended.
So what about value engineering in roofing?
Clearly the specification of a roof provides a defined scope and the specifiers will have done their work to ensure that it is possible to meet an optimal design which meets the brief as cost effectively as possible, so some costs will be difficult to eliminate. However a full knowledge of the materials used to extract full value from the project might not be possible for the non-specialist specifier – especially given the complexity of materials such as insulation.
The bottom line
This is the opportunity for contractors to modify a specification and get extra value. As specialists in their field, contractors can access materials specialists i.e. the representatives of material manufacturers, and then work with them and on their advice to extract significant extra margin for the bottom line. Who would not want to do this?
Jablite’s representatives are always available to offer advice on value engineering the insulation specification on a roof and to find ways to make a contribution to your bottom line.