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    VE Proposal-Example

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    gks_kumar
    This document proposes a 5-day value engineering study for a multi-story office building project in Jakarta, Indonesia with an estimated construction cost of $15.8 million. It provides details on the proposed VE study team members, fees, and expected return on investment. The estimated potential savings from value engineering are $949,858 with a proposed study fee of $26,540, yielding an expected return on investment of 36:1. Conducting the study could help reduce construction costs and maximize value for the project owner and other stakeholders.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    VE Proposal-Example

    Uploaded by

    gks_kumar
    107 views6 pages
    This document proposes a 5-day value engineering study for a multi-story office building project in Jakarta, Indonesia with an estimated construction cost of $15.8 million. It provides details on the proposed VE study team members, fees, and expected return on investment. The estimated potential savings from value engineering are $949,858 with a proposed study fee of $26,540, yielding an expected return on investment of 36:1. Conducting the study could help reduce construction costs and maximize value for the project owner and other stakeholders.

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    This document proposes a 5-day value engineering study for a multi-story office building project in Jakarta, Indonesia with an estimated construction cost of $15.8 million. It provides details on the proposed VE study team members, fees, and expected return on investment. The estimated potential savings from value engineering are $949,858 with a proposed study fee of $26,540, yielding an expected return on investment of 36:1. Conducting the study could help reduce construction costs and maximize value for the project owner and other stakeholders.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    107 views6 pages

    VE Proposal-Example

    Uploaded by

    gks_kumar
    This document proposes a 5-day value engineering study for a multi-story office building project in Jakarta, Indonesia with an estimated construction cost of $15.8 million. It provides details on the proposed VE study team members, fees, and expected return on investment. The estimated potential savings from value engineering are $949,858 with a proposed study fee of $26,540, yielding an expected return on investment of 36:1. Conducting the study could help reduce construction costs and maximize value for the project owner and other stakeholders.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 6

    Example - Value Engineering Study/Workshop Proposal

    The Thomas Consulting Group LLC.

    Financier

    Operator

    Designer

    Owner
    User

    V.E.
    Architectural

    Mechanical

    Electrical

    Structural

    Civil

    Process
    Table of Contents

    Proposed Value Engineering Study Includes study title, proposal date, study type, project type,
    project location, and project estimate information.
    Construction Cost Data Conceptual building costs and ve target costs.
    Proposed 5 Day VE Study Fee Pre-Workshop, Workshop, Post Workshop Fees, and ROI
    Client's Potential Return On Investment (USD)
    Cost/Worth Model Example
    Hotel in Riyadh, Saudi Arabia (Example)
    Recent Value Engineering Study Proposal Example

    Study Title : Jakarta Office Building


    Proposal Date : April 2, 2005
    Study Type : Facilitate A 5 Day VE Study/Workshop
    Project Type : Multi Story Office Building
    Project Location : Jakarta, Indonesia
    Project Estimate : 150 Billion (IDR) = $15,831,051 (USD)
    Submitted To :

    Submitted By : The Thomas Consulting Group LLC.


    Richard D. Ridgeway
    VE Program Manager
    [email protected]
    CONSTRUCTION COSTS FOR JAKARTA, INDONESIA - Indonesia Rupiahs
    Multi Story Offices Buildings - (Excluding tenancy works)

    Type of Quantity Unit Rp/m2 Original Design Estimated VE Estimated


    Building Estimated Cost Target Cost Potential VE
    Savings
    Central
    Business
    District;
    Prestigious 25,821 SQM Rp5,809,011 Rp149,994,473,031 Rp140,994,804,649 Rp8,999,668,382
    Central
    Business
    District;
    Investment 31,560 SQM Rp4,752,827 Rp149,999,220,120 Rp140,999,266,913 Rp8,999,953,207
    Suburban
    District;
    Investment 37,872 SQM Rp3,960,689 Rp149,999,213,808 Rp140,999,260,980 Rp8,999,952,828

    Estimated Potential VE Savings in dollars = $949,858


    Note: 1 USD = 9,475.05 IDR
    *Proposed 5 Day VE Study Fee - United States Dollars
    Jakarta, Indonesia
    Note: *This client was the design firm for the project’s owner, and provided his employees as VE Team Members.
    VE Team Members - Quantity Unit Mat'l Total Man *Labor Total Total Cost
    Cost/Unit Mat'l Hours Rate Labor
    Pre-Workshop Phase Cost Cost

    CVS Study Facilitator (Our


    employee) 1 Each 0 0 20 $200 $4,000 $4,000
    Architect (Your employee) 1 Each 0 0 15 NA NA
    Electrical Engineer (Your
    employee) 1 Each 0 0 15 NA NA
    Civil Engineer (Your employee) 1 Each 0 0 15 NA NA
    Mechanical Engineer (Client
    employee) 1 Each 0 0 15 NA NA
    Estimator (Client employee) 1 Each 0 0 15 NA NA
    Sub-Total $4,000
    In-Direct Costs
    Telephone 1 Allow $200 $200 $200
    Mailing 1 Allow $100 $100 $100
    Sub-Total $300
    Pre-Workshop Phase Total $4,300
    VE Team Members -
    Workshop Phase
    CVS Study Facilitator (Our
    employee) 1 Each 0 0 40 $200 $8,000 $8,000
    CVS Study Facilitator (Travel
    time to Jakarta and return) 4 Days $1600 $3,200 $6,400
    Architect (Client employee) 1 Each 0 0 40 NA NA
    Electrical Engineer (Client
    employee) 1 Each 0 0 40 NA NA
    Civil Engineer (Client
    employee) 1 Each 0 0 40 NA NA
    Mechanical Engineer (Client
    employee) 1 Each 0 0 40 NA NA
    Estimator (Client employee) 1 Each 0 0 40 NA NA
    Sub-Total $14,400
    In-Direct Costs
    Air Travel (Round trip) 1 Allow $2,000 $2,000 $2,000
    Hotel Accommodations & Per
    Diem 6 Day $200 $1,200 $1,200
    Sub-Total $3,200
    Workshop Phase Total $17,600

    Post-Workshop Phase
    CVS Study Facilitator (Our
    employee) 1 Each 0 0 20 $200 $4,000 $4,000
    Telephone 1 Allow $200 $200 $200
    VE Report Printing 12 Each $20 $240 $240
    Mailing 1 Allow $200 $200 $200
    Post-Workshop Phase Total $4,640

    VE Study Fee Grand Total $26,540


    Note: *Our labor rate is actually
    lower

    Client's Potential Return On Investment (USD)


    For
    VE Study
    Potential VE Savings VE Study Fee Return On Investment

    $949,858
    / $26,540
    = 36:1
    NOTE: Return on investment of 60:1 is possible using VE methodology

    For A Free VE Bid Proposal: Click Here

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