Abstract

Value Engineering (VE) involves a multidisciplinary team approach in a highly systematic workshop aimed at achieving Value for Money (VfM) focused on improving the function of a project, product, or service, not merely reducing costs. In the construction industry, VE is applied during the design or pre-construction phases of public, private, or Building Information Modelling (BIM)-based projects where benefits can be maximised. VE can be implemented more effectively with BIM, especially in providing accurate and adequate information. It is important to understand how these two concepts are related and how they benefit projects. Nevertheless, there is a dearth of research that combines VE practice with BIM to evaluate viable alternatives or improve design. This paper investigated the need for VE in the LOD300 phase for construction projects in Malaysia. In this work, a quantitative methodology was used to incorporate findings from the literature into a questionnaire survey that was purposefully distributed to industry practitioners with knowledge of VE, BIM, or both. A sample of 186 was drawn from a total population of 353 professionals: Members of the Institute of Value Management Malaysia (IVMM), Public Works Department of Malaysia (PWD) VM and BIM, and myBIM Centre Malaysia. 32% of responses were received, and the data collected were analysed using the Statistical Package for Social Sciences (SPSS). Based on the results, a framework was developed to include VE at the LOD300 phase in BIM. This paper provides empirical evidence of the benefits of this approach and offers construction practitioners with an overview of how VE can be systematically applied to BIM.

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