If you haven’t heard of “value engineering”, it’s a term that comes up a lot when contractors and/or their clients want to minimize project costs.
But, value engineering is different from simple cost-cutting because it doesn’t sacrifice the utility of the final product. Value engineering involves selecting the most cost effective options for materials and methods that will meet the functional requirements of the project. So, the goal of value engineering is to design a solution that is cheaper, but still high-quality and just as effective. Put simply, it optimizes the mix of performance and cost.
So, how is it possible to maximize value? It’s important to analyze all costs related to production, design, maintenance, and replacement. In other words, a key part of value analysis is to consider product life cycles and alternative materials and components that will get the job done properly.
At Emerald Inc., it is common for our clients to be on a very tight budget. We understand that maximizing the value of investment in a project is a top priority when companies are remodeling or expanding. So, we strive to find the perfect ratio of function to cost so that the business can avoid unnecessary expenses. Reach out to us today at 480-832-9808 or firstname.lastname@example.org so that we can work together to value engineer the best solution for your project.