Value Engineering Flashcards
Process of VE
- Information Gathering
- Creative thinking.
- Analysis, Evaluation &Shortlisting.
- Development.
5 Presentation
What is VM vs VE
-Value management is a multidisciplinary approach to complex projects. It considers the Capital cost, Running cost, and disposal cost. Value management serves the function, performance, quality, safety, and cost.
-VE A systematic approach to reduce the un necessary cost with out sacrificing the functionality
Value Management process
- Workshop for clients to make important decisions
2.VM-1 Concept the build with clear objectives set that are structured in a value tree.
3.VM-2 Feasibility outline brief complete outline brief cost. - Review schemes and score against weighted objectives.
- Assess Capital cost to determine option for best value for money
VM Critical elements
Functions of the project
Performance of the project
Quality of the final product
Safety
Cost of the project
Explain the tender Process
- Collection of tender doc
- review of the tender
- tender strategy
- procurement of ( quotes)
- pricing the works
- complete the estimate
- tender adjudication
- Post-tender activities
What elements include a tender report?
(Commercial manager-Contractor)
- Type of the project
- Client
- Consultant
- Brief description of the project
- Approximate budget
- Location
- Experience in similar nature projects
- Profit to be achieved
- Overhead to be achieved
- Number of projects that need to be secured
Tender Particulars
- Information about the Client, Consultant & project.
- the Tender duration and project duration
- Quality of the information and
- Condition of the contract
- Resource availability
- Internal risk identification
What are the Tender Volumes
- Volume 1 – Instructions to tender / Project description/ Client requirements.
- Volume 2 – Condition of the contract.
- Volume 3 – Specification.
- Volume 4- Drawings
- Volume 5- BOQ & Preamble & Method of measurements.
- Volume 6- soil investigation / Safety requirements/ sustainability requirements
Elimants in technical submission
- Trade license
- Technical form of tender
- Project profile
- Method Statement
- Tender program
- Organisation chart
- Key personal CV’s
- Quality control process and HSE details/ Procedure.
- Details about previously completed projects
- Labour histogram
What is included in the dry cost
labor
materials
Prelims - General requirements
subcontractor
overheads
add a cost of the risk identified from the record in the risk register.
What includes in the Consultant cost report
Date
Initial contract bugjet
approved VO
anticipated VO
approved claim
Anticipated claims
Adjustment to PS / PC sums
contingency
anticipated final account ( forecast)
Variation to the previous month to the current month
What is the difference of
Qwert
Wwert
Werttww
