Value Engineering

For RAM Contracting value engineering is much more than simply an exercise to reduce project cost. Our goal as we enter into the value engineering process is to provide the project team with the information necessary to make informed decisions that will maximize the client's program requirements and budget constraints.

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RAM Contracting estimators, project managers and field supervisors work together to review each building system and component. Value, quality, and life expectancy are key components we use to determine which recommendations will best meet the needs of our clients. RAM Contracting use a formalized process to identify, present, and track each value engineering option with detailed submittals for each item, along with a tracking log that offers an overview of the progress of the value engineering process.

When presenting value engineering options to a client, our team categorizes each option according to our key considerations during value engineering:
  • Cost Reduction – A less expensive alternative to a specified product or system, which may or may not include a difference in quality;
  • Value Added – A higher quality product that may or may not carry a higher price but will bring added value to the project;
  • Life-Cycle Analysis – During our review of products and systems, we typically identify options that will allow us to strike the proper balance between initial construction cost and long-term operational costs;
  • Maintainability – RAM Contracting review the building from the perspective of the owner’s maintenance staff and recommend products that can produce long-term savings through reduced maintenance costs.
Value engineering practice include:
  • Preparing and administering maintenance programs.
  • Forecasting expenditure flows.
  • Advising on cost limits and preparing budgets.
  • Advising on Cash Flow Forecasting.
  • Advising on Life Cycle Costing.
  • Cost Analysis.
  • Cost benefits Analysis.
  • Estimating
  • Evaluating alternative designs.
  • Undertaking feasibility Studies.
  • Investment Appraisal
  • Measuring and describing construction work but only in terms of cost planning.

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