Value engineering is a term that has started to gain traction over the last few years. It can be used in dozens of different context and situations — but what is it really and why should you care? Wikipedia defines value engineering as “a systematic method to improve the ‘value’ of goods or products and services by using an examination of function…” — which honestly doesn’t really help to clear things up. Today in our blog at Structural Technologies in Chicago, we are going to talk about value engineering as we understand it, how it relates to structure analysis, and why it is important to you as a business.
Generally speaking, when you unpack the definition of value engineering that the internet provides and put it into plain English, it’s not so scary. It is an organized attempt to make something better or more valuable by closely studying it and finding areas where it can be improved. In most cases, making something more valuable or better means making it perform its function better or reducing how much it costs.
A good example could be how Henry Ford revolutionized the auto industry. In a way, Henry Ford was a value engineer because he analyzed the problem he faced and came up with a solution to reduce the costs. The automobile wasn’t being purchased by many people because it was so expensive that many could not afford it. Henry Ford created an assembly line to quickly produce vehicles for less money, therefore making it more affordable and accessible to the middle class.
A value engineer does the same thing — they analyze and evaluate until they completely understand what they are dealing with. Then, they find a way to increase its value by reducing the cost or making it function better.
How we do value engineering
Here at Structural Technologies in Chicago, our value engineering process is similar. Simply put, we perform structure analysis on your building or workplace to find out how we can give it more value — whether that be by cutting your operating costs or improving the function. Our structure analysis is a sort of building inspection that points out the strengths and weaknesses of your building, along with finding areas to reduce costs. Once we’ve identified your building’s assets and pain-points, we can go about cutting costs and improving the value. Costs can be cut by increasing energy efficiency, examining if there are materials that might be better suited for the function they are serving, and more. Some examples of ways we can improve your building’s function are through:
- Low-slope roof replacement
- Steep-slope shingle and roof replacement
- Exterior wall restoration
- Fenestration replacements (windows and doors)
- Balcony restoration
- Asphalt and concrete restoration projects (parking lots, garages, etc.)
The above list is by no means all-encompassing, but it provides a few great examples of projects that we can do to increase the function and value of your building. If your business is in the Chicago area and you are looking to increase the value of your property, give us a call at Structural Technologies today. We are happy to provide high-quality structure analysis and overall value engineering services.
The benefits of value engineering
Using our value engineering services at Structural Technologies in Chicago provides dozens of benefits, including:
- Lowering your overall costs
- Optimizing the structural functions of your facilities
- Providing higher resale value
- Providing a more durable and longer lasting structure
- Improving overall efficiency of energy usage, functionality, and more
If you are a property owner, architect, or part of a building committee, contact us today to find out how our team at Structural Technologies in Chicago can improve the overall value of your projects and structures today through structure analysis!