TTS has extensive experience of value engineering on various project types, resulting in significant reductions in capital and future running costs.
Often the key criteria, behind value engineering a project, is simply to reduce capital costs something which can be governed by how radical the design rationalisation can be.
However, TTS considers that value engineering should be focused on increasing the value of the building, which can also involve equal or additional capital cost in return for better functionality or reduced running costs.
In all cases, it is TTS’s in depth knowledge of mechanical installations and electrical installations, or even specialist systems within the aviation sector, which give us the capabilities to ensure that the building is value engineered to optimum levels. Our M&E quantity surveyors (MEP quantity surveyors) can, by identifying areas where the proposed solution can be optimised, add serious value to the design of a building.
Value engineering is not all related to mechanical and electrical installations, and often it takes an experienced overview from our financial viewpoint to identify some simple adjustments to the proposed building design.
The value engineering process lends itself well to life cycle costing exercises and risk management, in which TTS has significant local experience. Often environmental issues are of paramount importance and LEED accreditation is sought. TTS, having been through the process, can identify cost effective ways to achieve LEED credits, whilst giving early advice on the cost implications of incorporating some of the more fundamental design changes necessary to achieve the highest LEED ratings.
Risk management is an area of TTS’s expertise which can again prove invaluable in protecting against elements of risk specific to the nature, location and size of the project along with design risks. A collaborated approach in identifying, categorising, monitoring and eradicating risks is our recommended approach.
In all cases, it is TTS’s in depth knowledge of mechanical installations and electrical installations, or even specialist systems within the aviation sector, which give us the capabilities to ensure that the building is value engineered to optimum levels. Our M&E quantity surveyors (MEP quantity surveyors) can add serious value to the design of a building by identifying areas where the proposed solution can be optimised.