Value Engineering Checklist
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Project Definition & Goals
Ensuring a clear understanding of project objectives, constraints, and key performance indicators (KPIs) is paramount for effective value engineering.
Project Goals & Objectives (Detailed)
Initial Budget Estimate
Projected ROI (Return on Investment)
Key Stakeholder Expectations & Priorities
Project Delivery Method (e.g., Design-Bid-Build, Design-Build, CM at Risk)
Original Project Completion Date
Primary Performance Indicators (KPIs) for Success
Constraints & Limitations (e.g., Site Restrictions, Regulatory Requirements)
Design & Planning
Reviewing design decisions, specifications, and planning processes to identify potential areas for optimization and simplification.
Describe the initial design concept and its key assumptions.
Were BIM (Building Information Modeling) techniques utilized in the design phase?
Estimate of initial design hours spent.
Which design alternatives were considered (if any)?
Summarize the rationale for the chosen design approach compared to alternatives.
Were standard or repetitive design elements leveraged?
Document any areas where design simplification was initially resisted, and why.
Date of latest design review
Materials & Components
Analyzing material selections, considering alternatives, and assessing their cost, performance, and sustainability impact.
Standard Concrete Mix Design?
Current Steel Grade (e.g., ASTM A36)
Alternative Steel Grades Considered?
Description of Alternative Material Options
Estimated Cost Savings (Alternative Materials)
Material Specification Sheets (Alternatives)
Which materials could be substituted for cost or performance improvements?
Construction Methods
Evaluating construction sequencing, techniques, and equipment to identify opportunities for efficiency and reduced labor costs.
Construction Sequencing Review
Describe Potential Prefabrication Opportunities
Estimated Labor Hours Savings (if applicable)
Construction Techniques Evaluated
Equipment Utilization Review
Document any changes in Construction Methodology
Subcontractor Selection & Management
Reviewing subcontractor bids, contracts, and performance to ensure value and mitigate risks.
Bidding Process Adequacy?
Number of Bids Received
Justification for Sole Source Selection (if applicable)
Subcontractor Pre-Qualification Status?
Subcontractor Insurance Certificates
Summary of Subcontractor's Past Performance
Subcontractor's Bid Price
Contract Type?
Systems Integration
Examining the interaction of different building systems (HVAC, electrical, plumbing, etc.) for potential synergies and cost savings.
Describe current coordination practices between HVAC, Electrical, and Plumbing systems.
Are BIM (Building Information Modeling) tools being utilized for systems coordination? If so, which ones?
Estimated reduction in clashes/conflicts through improved systems coordination (percentage).
Which potential integration challenges have been identified?
Describe any proposed alternative routing or integration methods for utilities to minimize conflicts.
Is a centralized systems coordination meeting schedule in place? If so, how often?
Life Cycle Cost Analysis
Considering the total cost of ownership, including initial cost, maintenance, operations, and eventual decommissioning.
Estimated Initial Construction Cost
Estimated Annual Maintenance Cost (Year 1)
Estimated Annual Operating Cost (Energy, Water, etc. - Year 1)
Estimated Annual Insurance Cost
Estimated Annual Property Tax Cost
Estimated Discount Rate (for Present Value Calculation)
Projected Life Span (Years)
Assumptions Used for Life Cycle Cost Estimates (e.g., Inflation Rates, Future Operating Costs)
Sustainability & Environmental Impact
Identifying opportunities to reduce environmental impact, improve energy efficiency, and enhance building performance.
Are recycled content materials prioritized?
Target U-value for building envelope (W/m²·K)
Which sustainable strategies are being considered?
Description of efforts to minimize construction waste.
Is a LEED or other green building certification being pursued?
Estimated reduction in energy consumption (percentage)
Details regarding the sourcing of sustainable materials (e.g., local suppliers, certifications).
Risk Assessment & Mitigation
Identifying potential risks that could impact cost, schedule, or quality, and developing strategies to mitigate them.
Identify Potential Risks (Cost, Schedule, Quality, Safety)
Estimated Cost Impact of Each Risk (€)
Risk Category (Cost, Schedule, Quality, Safety, Environmental)
Potential Mitigation Strategies
Risk Priority (High, Medium, Low)
Target Mitigation Completion Date
Detailed Description of Proposed Mitigation Action
Responsible Party for Mitigation
Risk Status (Open, In Progress, Closed)
Procurement & Contract Management
Evaluating procurement strategies, contract terms, and payment schedules to optimize value and minimize disputes.
Procurement Strategy Selected?
Summary of Bidder Evaluation Criteria
Number of Bids Received
Contract Type
Key Contractual Risks Identified & Mitigation Plans
Bid Due Date
Upload Key Bid Documents (e.g., Bid Sheets, Qualification Statements)
Payment Schedule Type?
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