Value Engineering

Value Engineering (VE) is a systematic process of review and analysis of a project, during the concept and design phases, by a multidisciplinary team of persons not involved in the project, that is conducted to provide recommendations to:

• Provide the needed functions safely, reliably, efficiently, and at the lowest overall cost
• Improve the value and quality of the project
• Reduce the project schedule

The Federal Highway Administration (FHWA) requires VE Studies for Projects with total estimated costs of $40 million or more. FHWA Value Engineering Final Rule.

A Value Engineering study is different than a Value Engineering Change Proposal (VECP). VECPs are post-award change proposals submitted by construction contractors, as described in the CDOT Standard Specifications, Section 104.07. For assistance with a VECP, please contact your Construction Area Engineer.

Please contact the Value Engineering Program Manager for sample Value Engineering reports and additional support.

Frequently Asked Questions and answers regarding Value Engineering from the FHWA.