|
Example Application:
|
Project: Early
Contractor Involvement Project where the Contractor is responsible for
the design, and has to design within the budget required by the
Client, in order for the project to proceed beyond the design stage.
If not achieved, the project will go out to competitive bid.
|
Owners Capital Budget:
£72 million |
|
Contractor's Estimate (pre-VE):
£90 million |
|
VE Menu of Potential Savings:
|
Level 1 - Least visual impact and general improvements:
£9.4 million (+10%) |
|
Level 2 - Changes to process units and to buildings
configuration: £13.15 million
(+15%) |
|
Level 3 - Major visual and process changes:
£16.86 million (+18%) |
|
Level 4 - Radical alternatives:
Cost savings not estimated (Massive) |
|
|
|