Open    Access



Application of Value Engineering in Construction Projects



Author(s)

Senay Atabay and Niyazi Galipogullari

Full-Text PDF XML     2209 Views

DOI:10.17265/2328-2142/2013.12.005

Department of Civil Engineering, Civil Engineering Faculty, Yildiz Technical University, Istanbul 34220, Turkey

The current economic conditions have entailed the use of rational method and techniques and research and application of new techniques by utilizing advancements in technology in the field of production as well as in every field. Excess cost control requires to be maintained throughout the project life of building beginning from the initial stages of design. Scrutinizing the project well and considering all possible alternatives particularly in design stage are important for achieving optimum cost. In this study, how the principles of VE (value engineering) are applied in construction projects is explained, and by covering Bregana-Zagreb-Dubrovnik Motorway construction in Croatia by BECHTEL – ENKA joint venture as the sample project, practices of VE in this project are described. The satisfactory results of time and cost saving are achieved by applying value engineering principles through the VE team during the project preparation phase and project revision phase. Approximately 43,000,000$ and 12 months of time were saved in total thanks to all these VE works. This saving provided builder company with 6% financial saving and 17% work time reduction.

Value engineering, value management, motorway construction.