Value Engineering (VE) is a systematic, creative study process conducted by engineers and technicians to obtain optimum value for every dollar spent.
The Code of Virginia requires VDOT to employ value engineering in conjunction with any project on any highway system, regardless of contract delivery system, using criteria established by the Department and including but not limited to all projects costing more than $5 million.
In 2001, the Virginia Department of Transportation (VDOT) was named one of the largest and most effective users of the value engineering methodology in the country by a Federal Highway Administration report.
Since the VE program was established in the Management Services Division in 1990, 1044 studies have been conducted and 4,728 recommendations have been made.
Of those, 2,650 (56 percent) have been accepted, totaling more than $607 million in cost avoidance/savings.
Since 1990, VE at VDOT has produced a return on investment of 41:1.