Value Engineering

Value Engineering (VE) is a systematic, creative study process conducted by engineers and technicians to obtain optimum value for every dollar spent.

It is required by the Code of Virginia on highway projects with a construction cost of $5 million or more.

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, 897 studies have been conducted and 4,374 recommendations have been made.

Of those, 2,407 (55 percent) have been accepted, totaling more than $537 million in savings.

Since 1990, VE at VDOT has produced a return on investment of 43:1.