V.E. Like a Boss
Value Engineering can mean a lot of things to a lot of people but for us, it means not sacrificing quality and aesthetics for price. It means that we can keep our focus on the overall goal within a reasonable budget. Value Engineering does not mean cheap, it takes a little more planning, a little more thought at the front end to get what you want at a price that is right for you.
Value Engineering – Definition
Value engineering is a powerful approach for cost-saving and quality improvement; especially that the construction industry holds significant weight with respect to the worldwide economy.
Currently, value engineering does not influence just project costs and quality, but also it proved to have positive impacts on the environment and the worldwide trend of green construction.
Value engineering takes into consideration both the initial and life-cycle costs. Sustainability is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs. https://www.sciencedirect.com/science/article/pii/S1878029616300603
Value = Performance/Cost
This is the sweet spot of V.E. if the performance increases and the cost decreases by definition you will see great value. As the video above shows. In the case of One Park NJ a DMG Investments project http://www.dmg-investments.com/ the performance did not necessarily increase but the cost significantly decreased which in turn provided great value to the developers in terms of of where they could allocate their budget.
Experience is necessary in any field to create value. What happens too often is a new business looks to break into the market by undercutting established businesses. There is a place for this but you need to be wary in your business not to allow inexperience cost you in the long run. Look to risk rewards when considering
Value engineering for your LED lighting package. At Smart LED Concept we have almost two decades of experience in the lighting and low voltage field. Our experience is your secret weapon in getting the most out of your project with LED technology.
Buy Cheap, Buy Twice
A common misunderstanding is to Value Engineer is to go for the cheapest option. In some cases, this might be right for you and your project. In most instances, this will not hold true. Anyone that has been in business for any period of time will be very aware of the costs involved in running a business. The reality is that licences, certifications, insurance, warehousing etc are all part of operating a legitimate business.
The costs involved in this is not insufficient and it must filter down to the end product. Cheaper vendors might not have all the pieces in place and if something goes wrong the client will be left holding the ball down the line. This erodes any value that might have been gained through V.E.
Take action and make a decision today to get the best for the best price on the market. It’s important to admit that you don’t know what you don’t know sometimes. At Smart LED Concepts we focus on LED technology alone. It is our mission and our passion. The industry is moving at lightning speed so it’s very important to talk with people in the industry to get the right information to help you make a decision and take appropriate action.
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- Cut energy consumption up to 80%
- Provide a brighter / higher quality light
- Cut down maintenance Costs
- Expected ROI between (1.5 – 3 years)
- 5 Year Warranty
Want to attract more business?
Smart LED Concepts will work with your contractors and designers to create and illuminate custom lighting that will make your business shine.
Because Smart LED Concepts used LED fixtures in the venue, the running and maintenance cost is 70% less than venues that use traditional lighting methods.
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