Value Engineering - Columbus, Ohio
Value Engineering and Value Analysis
RICOP Construction Company will provide the platform for an organized approach in identifying unnecessary costs in design and construction and in soliciting or proposing alternative design or construction technology to reduce costs without sacrificing quality or performance requirements. We will be involved in the gathering of pertinent information, searching for creative ideas, evaluating the promising alternatives, and proposing a more cost effective alternative. This approach is usually applied at the beginning of the construction phase of the project life cycle. This process is referred to as “Professional Construction Management" or "Integrated Design/Construction”.
RICOP Construction Company has always used “Value Engineering and Value Analysis” as a basis for material selection and design efficiency. By fully understanding our customer’s needs and goals, we can make recommendations that will meet or exceed their expectations.
The philosophy of doing everything the way we have always done it leaves no room for new, more efficient and better designed products and practices.
When looking at “Value Engineering Considerations” we will consider several criteria:
- Are there Sustainability or LEED considerations?
- Does the item in consideration have a proven alternative? If so:
- What is the added cost or savings?
- What is the ROI if added cost?
- What, if any, is added to maintenance considerations?
- Are there any changes to the schedule? If so:
- Will savings extend the schedule - Cost benefit?
- Will the added cost shorten the schedule – Cost benefit?
Construction costs are only one part. Quality, ROI and long-term maintenance should be a major factor in considering all methods of construction and products used.
There are many small upgrades to existing systems and conditions that have minor costs implications, yet produce very fast returns that can be implemented into the renovation process.
Our job is to bring together, as a team, the engineers, product professionals and contractors who install and service these items. This will ensure that the design has an engineering review and that readily available, cost effective items and equipment are incorporated in the final design.