Integrating Value Engineering for Cost Optimization in the Construction Projects

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Daivee G. Vyas; Jayraj Solanki; Darshan Shah; Jatinkumar Patel

Integrating Value Engineering for Cost Optimization in the Construction Projects

Authors: Daivee G. Vyas, Jayraj Solanki, Darshan Shah, Jatinkumar Patel

Unique Paper ID: 181538
Volume: 12
Issue: 1
PageNo: 5339-5344

Keywords: Value Engineering Cost Optimization Material Substitution Functional Performance

Abstract:
The construction sector, though contributing immensely to economic growth, is increasingly plagued by cost, time, and quality management challenges. To counter this, Value Engineering (VE) has risen to prominence as a strategic method of maximizing project value through function analysis to eliminate unnecessary costs without sacrificing quality. The current study emphasizes the increasing application of VE on mega projects, with indications of up to 20% cost reduction and improved sustainability. The research assesses major elements like masonry, plastering, and flooring, where replacements like AAC blocks, silica plaster, and Kota stone reported 15–25% cost savings and enhanced functional value. In items such as concrete, shuttering, plumbing, and ceilings, replacement materials added costs but immensely enhanced durability, performance, and sustainability. For instance, aluminum shuttering and Fly Ash + GGBS concrete enhanced long-term efficiency. Overall, application of VE to the chosen components resulted in 15–16% project cost savings, supporting VE's role in attaining cost-efficient, high-performance construction.

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Cite This Article

ISSN: 2349-6002
Volume: 12
Issue: 1
PageNo: 5339-5344

Integrating Value Engineering for Cost Optimization in the Construction Projects

Available:https://ijirt.org/article?manuscript=181538

Impact Factor
8.01 (Year 2024)

UGC Approved
Journal no 47859

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