Value engineering is a formal, structured process to ensure capital projects meet or exceed cost objectives without compromising project quality. Knepp Incorporated’s project teams use value engineering throughout a project, evaluating options with a focus on reducing project capital costs as well as life-cycle costs.
Our value engineering process divides the total project’s scope of work into components, and examines each individual component for alternatives. This process yields benefits in the areas of engineering design, material selection, equipment, construction, operations and maintenance. It is a structured application of proven techniques, applied at multiple phases of the project, with the primary objective to identify cost reductions.