Value Engineering Evaluations Clause Samples
The Value Engineering Evaluations clause establishes a process for reviewing and assessing proposals aimed at improving project value, typically by reducing costs or enhancing performance without compromising quality. Under this clause, contractors or project participants may submit suggestions for alternative materials, methods, or designs, which are then evaluated by the project owner or architect for feasibility and potential benefits. Its core practical function is to encourage innovation and cost savings during a project, while ensuring that any changes maintain the required standards and objectives.
Value Engineering Evaluations. The Project Team will routinely identify and evaluate using value engineering principles any alternate systems, approaches, design changes that have the potential to reduce Project costs while still delivering a quality and functional product. If the Project Team agrees, the CMARE in cooperation with the Design Professional will perform a cost/benefit analysis of the alternatives and submit such in writing to the Project Team. The Project Team will decide which alternatives will be incorporated into the Project. The Design Professional will have full responsibility for the incorporation of the alternatives into the Drawings and Specifications. The CMARE will include the cost of the alternatives into the cost estimate and any GMP Proposals.