- Report Published -
|Value Engineering of State Agency Capital Outlay Projects for Calendar Year 2000|
|Department of General Services|
The Director of the Department of General Services is required by Section 2.1483.1:1 of the Code of Virginia to report to the Governor and the General Assembly on or before September 15 of each year the (i) number and value of the state capital projects where value engineering (VE) was employed and (ii) identity of the capital projects for which a waiver of the requirements of Section 2.1-483.1:1 was granted, including a statement of the compelling reasons for granting the waiver. The last report submitted was for calendar year 1999. This report provides information for the period of August 1, 1999 through July 31, 2000
Of all capital outlay projects under some stage of design during this reporting period, fifteen (15) projects with an estimated construction value of $171,055,000 qualified for Value Engineering as required by Section 2.1-483.1:1 of the Code of Virginia and Section 814.0 VALUE ENGINEERING of the Commonwealth of Virginia Construction and Professional Services Manual for Agencies, December 1996 (CPSM).
Fourteen projects were value engineered during the period with a total estimated construction value of $165,173,000. Estimated savings recommended by the value engineering teams and accepted by state agencies totaled $6,497,000, or 3.9% of the estimated construction value.
IV. Waivers Granted
One waiver of the VE analysis of a project with an estimated construction cost greater than $5,000,000 was granted.