Maximizing Budgets with Confidence: Implementation and Benefits of Value Engineering
Value engineering (VE) has become standard practice in various industries
Sponsored by Gordian | Presented by Sam Babbit and Richard Goldin
Webinar On-Demand
Value engineering (VE) has become standard practice in various industries because it empowers organizations to maximize budgets and achieve more with less. As a practice, VE affords leaders the opportunity to find smart, cost-effective ways to increase value and overall satisfaction.
In the construction industry, applying VE with a long-term focus ensures that the project team creates a balance between initial costs and the ongoing operational budget. The timing of VE often determines how great the maximized savings can or will be, but timing is just one of several factors influencing the success of VE efforts. Combining the tried-and-true VE methodology with verified construction costs will enable you to make informed decisions for the most significant impact. This insightful webcast explains how.
Don't miss out on this opportunity to learn strategies for maximizing project budgets and taking actionable steps towards a more successful and profitable future.
Photo courtesy of Getty Images
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Sam Babbit , serves as an Associate Engineer/Editor at Gordian. Sam has been with Gordian for seven years as part of the Construction Cost Engineering team and sits at the front line of critical research initiatives supporting RSMeans data. He specifically focuses on Divisions 4 (masonry), 8 (openings), and 9 (finishings). Sam also supports customers with cost estimating and engineering projects. |
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Richard Goldin, is a Cost Estimator – Engineering at Gordian and has been with the organization for four years. As part of the Construction Cost Engineering team, Richard focuses on cost research initiatives supporting RSMeans data products for Divisions 10 (specialties), 11 (Equipment), and 13 (Specialty Construction). Richard also supports customers with cost estimating and engineering projects. He also provides in depth construction research data for the Professional Services Group on projects such as the Annual Bureau of Labor Statistic Building Materials Update. |
Gordian is the leading provider of Building Intelligence Solutions, delivering unrivaled insights, robust technology and comprehensive expertise that fuel customers' success during every phase of the building lifecycle. Gordian created Job Order Contracting (JOC) and the industry standard RSMeans Data. We empower organizations to optimize capital investments, improve project performance and minimize long-term operating expenses
Originally published in Architectural Record
Originally published in March 2023
LEARNING OBJECTIVES
- Explain the importance of articulating shared expectations and how this contributes to creating positive outcomes.
- Determine where in the project life cycle VE (value engineering) offers the most benefit.
- Explain why leveraging independent, verified cost data helps make informed decisions.
- Apply principles of VE to ease the tension between design aspirations and budget realities.
