Value is not the same as reducing costs. For quantity surveyors, value comes from a well-engineered scheme that falls within the expectation of the agreed cost plan. In facilities management, value is found in the ease of maintenance and component reliability.

From an engineering perspective, value derives from the use of appropriate technology in a project. This means applying suitable system and software in the development of solutions for problems in performance standards and energy usage. The expertise of all parties involved should also be fully utilised in order to successfully deliver the project and meet the client’s expectations.

Particularly in building services, quantity surveyors, facilities managers and engineers alike should consider a wide range of issues in their pursuit of value. For example, does the plant provide capacity for expansion without being over-sized? Are the components of the same standard or better than the product selected? Do the equipment offer enough reliability where failure can be potentially disastrous and costly? Have all components and equipment undergone thorough inspection to check quality assurance and specification compliance?

From project conception to completion, value can be found by regularly reviewing the effectiveness of the engineering scheme. The use of any system or software needs to be rationalised to enhance efficiency and avoid duplication. Checklists, with anticipation for future changes, should be provided so that any gained or lost value may be measured. The project should be delivered to client’s satisfaction, without compromising quality, reliability and energy performance to save costs.