- Report Published -
|Value Engineering of State Agency Capital Outlay Projects for Fiscal Year 2002|
|Department of General Services|
|§ 2.2-1133 (B.)|
The Director of the Department of General Services is required by Section 2.2-1138.B 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 2.2-1138.B was granted, including a statement of the compelling reasons for granting the waiver. This report provides information for the period from July 1, 2001 through June 30, 2002.
Eighteen (18) projects with an combined estimated construction value of approximately $250 million qualified for Value Engineering process. The requirements for Value Enginering are defined in Section 2.2-1133.A of the Code of Virginia. The associated administrative procedures are provided in the Commonwealth of Virginia Construction and Professional Services Manual for Agencies, December 1996 (CPSM).
Estimated savings for owner-accepted VE items were provided for sixteen (16) of these projects. These projects had a total combined estimated construction value of approximately $227 million. The estimated savings recommended by the value engineering teams and accepted by state agencies for these projects totaled $9.2 million, or 4.0% of the estimated construction value.
IV. Waivers Granted/Projects Excluded
One waiver was granted during this reporting period to exempt Jamestown-Yorktown Foundation's Central Support Complex from the requirements for preparing a value engineering study.
The Virginia Institute of Marine Sciene's Marine Science Research Complex, met the requirements for a VE Study but is also excluded from this report. Although a study was prepared for this project, the scope is currently undergoing significant revision. An updated VE study will be prepared for this project and the savings will be reported in the 2003 VE Annual Report.