What does "value engineering" aim to achieve in construction?

Value engineering in construction is a systematic method aimed at improving the project's overall value by optimizing the relationship between function and cost. The focus is on doing so without compromising the quality, reliability, or performance of the project. The process involves evaluating the functions of various components and materials to identify opportunities for enhancing efficiency or reducing costs.

Choosing the correct approach involves looking at every aspect of the project to ensure that the necessary functions are maintained while exploring alternatives that could be more cost-effective. This could mean selecting different materials that achieve the same result at a lower price or eliminating certain aspects that do not add value relative to their cost. The goal is to ensure that the project delivers maximum value for the amount invested, balancing performance and costs effectively.