Value Engineering in Three Sentences

texas construction value engineeringIt’s a phrase of art often heard in the construction industry. There is no one particular meaning. Nevertheless, value engineering generally describes a situation in which a contractor proposes to deliver a less-expensive improvement comparable to one that was formerly designed.

In our Law 101 posts, we define terms, phrases, or concepts with the goal of conveying core information in order to set the stage for more complex discussions.

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