Value Methodology Presentation

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Developed in 1941 by Lawrence D. Miles of General Electric, Value Methodology (VM) is a function based systematic approach to improving a project, process or product that optimizes cost while maintaining or improving performance and quality.

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A Systematic Method of Estimating Construction Costs

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Estimating the cost of construction can be a daunting task and is often completed in a hap-hazard manner.  Often, the contractor will bring in the field superintendent to take a fast pass thru the design documents and assemble a “bid” cost estimate based on his/ her experience and “what” they feel is the right number.  […]

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M/E/P, or “What’s above those ceiling tiles?”

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Therefore the coordination of MEP systems must satisfy multiple objectives and criteria for design, installation, commissioning, operation, and maintenance. Different types of specialty contractors (e-g., process piping, HVAC piping, WAC ductwork, plumbing, electrical, fire protection, controls) are responsible for these systems. Examples of diverse criteria for system design include spatial (avoiding interferences), functional within a […]

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Cost Estimating for a Value Engineering Study

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A question was asked of me the other day, “Why do you need a cost estimator on a Value Engineering study?”  This  caused me to pause, think about question and this is what I came up with.  Please feel free to share this.

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