Appraisal of value engineering in construction in Southeast Asia

Abstract

The concept of value engineering has existed for more than half a century. Its application in construction is credited with some success notably in public contracts in the United States. Nevertheless, value engineering is rarely applied in the Southeast Asian construction industry. A survey among industrial practitioners has been conducted to identify possible causes for the dire status. Generally, there is a lack of understanding in value engineering concepts among industrial practitioners and it is important for the government to take the lead in promoting value engineering practices in domestic projects. Moreover, the scope of value engineering can be broadened to address corporate-level systems and initiatives.