12/15/2021
Although the concept of Value Engineering dates back to 1940s, yet its significance in contemporary world plays a major role in construction projects.
The aim of value engineering is to improve value of the work at the lowest cost. This approach helps in achieving the end results at lowest cost but maximum profit!
Estimation and quantities take off play the most significant role in determining the cost of the project. A complete estimation gives an detailed view of the project. This helps in achieving the desired results at lowest possible cost while not compromising the the value of the project. Hence it maximises contractor’s profit.