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Value Engineering in the Construction Process.
GEORGIA INST OF TECH ATLANTA SCHOOL OF CIVIL ENGINEERING
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This research paper discusses the principles and procedures of the Value Engineering discipline. Value Engineering has been practiced for over 30 years in the manufacturing sector of the economy, but has never been fully accepted in the construction industry. The paper discusses the theory and methodology supporting the application of Value Engineering and the manner in which it can be applied to the various phases of the process of constructing facilities. Specific applications of Value Engineering, which can be beneficial for construction managers are discussed. Case studies where Value Engineering has resulted in significant cost savings, and examples of current construction industry practice are presented.
APPROVED FOR PUBLIC RELEASE