5 Benefits of Value Engineering

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Design professionals hold value engineering in high esteem for its potential to lower costs and enhance customer satisfaction, especially when considering the rising prices caused by the recent tariffs.

The numerous benefits of value engineering make it a necessary aspect of a building design and construction process because it adds value to the project instead of cheapening it.

Today, we’re taking a closer look at the benefits of value engineering in the lighting industry.

What is Value Engineering?

Value engineering is a creative, team-based approach of seeking and choosing the best alternative for achieving a function in the engineering stages of a project that will ultimately save the client money.

Money is saved, and quality is improved either by using equivalent design options, making changes in the scope of design, or reducing the operating costs.

The project, in question, is delivered on time while its specifications as outlined are met.

Also, the goal is to increase the value of products and satisfy the product’s performance requirements while the client spends less on it.

Value engineering considers the following:

  • Availability of materials
  • Construction methods
  • Transportation issues
  • Site restrictions
  • Planning and organization

These considerations boil down to the numerous benefits of optimum value engineering.

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Benefits of Value Engineering in Manufacturing

While many major brands in the lighting industry push the rising costs on to contractors, competitive brands provide a more cost-effective solution through value engineering. This allows contractors to get the same value at lower rates.

And that’s just the beginning.

Here’s a look at some of the other benefits of value engineering in the lighting industry.

1. Enhanced Efficiency

Successful value engineering is implemented from the start of the project and not towards its end.

It is a systematic part of the design process where equipment specifications, light fixtures, and other budget priorities are detailed into the construction schedule.

Thus, a contractor is aware of the schedule from the onset at the preconstruction stage and not at a later time or construction phase.

What this does is to save time and money for the client.

A schedule also takes away the need to make changes later on in the project since the latter could mean additional services from the architect/consultants.

On the contrary, postponing valued engineering towards the project’s end can impact negatively on the cost of design.

2. Prioritizes what’s Important

Value engineering helps to cut costs, but it takes it one step further to enable the design team to prioritize what’s more important.

Unarguably, every project has a budget even before it begins; however, not all budgets can ensure that the client gets great value from every dime they will spend.

And that’s where value engineering comes in.

The design team and the client can have a conversation in a bid to learn the client’s vision for the project.

Similarly, every item on the checklist is based on the client’s requirements and what he/she feels is more important to their employees and customers.

The budget can also ascertain the elements of the design that cannot be changed, such as engineered systems or features that portray the company’s brand.

With a budget in place, it helps to ensure that design focuses on the most fundamental areas.

These areas are elements of the design that the investment fund will have the most impact, and in the end, help to complete the overall project.

3. Value Engineering Brings Cost-Savings in Finishes and Light Fixtures

Knowledgeable engineers and architects who understand construction in commercial areas will point out that more priority should be given to areas that will add more functionality to the building instead of only aesthetic appeal.

An important area is the mechanical systems such as light fixtures, HVAC, electricity, and plumbing, which are essential components of a building that can give its occupant great comfort.

The lights, for instance, needs to be energy efficient to reduce utility bills and save the building money in the long run.

Value engineering in lighting will also eliminate poles and fixtures on the layout that are non-essential, which can save a lot of money.

The building’s residents will also appreciate electricity since it’ll give them comfort while using appliances.

That being the case, a significant part of the funds invested in a project’s construction may never be seen by the client; however, they are in areas that are in dire need of attention.

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4. Value Engineering Helps to Deliver a Smart Building

Usually, less priority is given to lighting during a building’s construction since it is pushed until late in the design price.

The postponement has not done any good because, on the contrary, it has led to several problems.

On the other hand, a project’s quest to design a “smart” building where components share information and interact with one another can be accomplished through value engineering.

When specifications for light fixtures that will be used in the building are made early instead of latter in the design process, it covers the longer factory lead times that are required to develop the systems.

Even if it is an automatic lighting system a client desires, the length of time it’ll take to have it in place would’ve also been covered.

As a result, the need for changes that can be expensive is avoided entirely.

5. Value Engineering Enhances Creativity

Valued engineering can be an active part of a creative design process while at the same, ensuring that available funds meet the client’s goal.

Clients have a stipulated budget for a project and also want a unique and appealing design.

It, therefore, takes the expertise of a good design team to incorporate value engineering to meet the parameters that have been set and work under the constraints to deliver.

That being the case, value engineering does not stifle creativity; rather it inspires to focus more on bringing out the best in the fundamental elements in a design process.

Conclusion

These are some of the benefits of value engineering that has made it highly recommended in the construction process of any building and to meet the customer’s expectations.

From the light fixtures, electricity, to every component that will be installed, it focuses on prioritizing and working based on the budget.

In the end, the cost savings for clients and delivery based on what they want are the benefits that are reaped.

These advantages from the implementation of value engineering are also felt by the design team who would’ve completed the project as at when scheduled.

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