VALUE ENGINEERING

Accurate cost estimation and construction bid estimates is the foundational bedrock of a project’s success. Value engineering is a process, and a tool used to bring design and project scope into a defined budget.

Developing accurate construction bid estimates requires a comprehensive understanding of project costs and factors that impact project costs, along with knowledge of the estimating process. In the end, our estimating team addresses three primary concerns:

• How many? (quantities)
• How much? (pricing)
• How long? (productivity)

With our methodical, yet practical approach DP3’s construction bid estimates include quantity take-offs to answer the (“how many”) ; market-factored pricing to answer the (“how much”); and scheduling services to answer (“how long” ). We review the designer and engineering set of drawings and scope with a “builder’s lens”, evaluating everything from constructability, material selection, durability, bid packaging and alternate approaches to site, utility and exterior and interior finishes. The goal is not to reduce the scope or cheapen the building, but to carefully analyze the design to extract the right approach without sacrificing quality while expertly delivering efficient price. We evaluate and analyze the trade contractors and supplier submitted bids for possible errors, omissions or shortcomings.

DP3’s value engineering effort includes:
• Pre-construction planning and coordination
• Construction cost management
• Construction cost estimating
• Quantity take-offs
• Material escalation analysis
• Risk management techniques
• Risk management assessments