Value Engineering is a systematic analysis by a multi-discipline team which identifies the functions of a project, establishes the worth of that function, generates alternatives through the use of creative thinking and identifies ways to provide the needed functions at the lowest overall cost. The Department requires that Value Engineering Studies be performed on:
- All projects on the Federal-aid system with an estimated total cost (including design, right of way and construction) in excess of fifty million dollars.
- All bridge projects located on the Federal-aid system with an estimated total cost (including design, right of way and construction) in excess of forty million dollars.
- Any other project selected by the FHWA.
The above requirements apply to all federally funded projects. Value Engineering Studies may also be performed on additional projects; particularly those that involve complex items or whose costs have increased substantially since initial estimates were developed; regardless of funding source.
The District Value Engineering Coordinator is responsible for monitoring project schedules and contacting the Office of Roadway Engineering Value Engineering Coordinator to schedule a Value Engineering Study.
Appropriate timing of Value Engineering Studies will ensure that there is sufficient information to analyze during the Value Engineering Session and that Value Engineering recommendations can be successfully implemented without impeding the overall project development schedule.