- Report Published -
|Value Engineering of State Agency Capital Outlay Projects for Calendar Year 1998|
|Department of General Services|
The Director of the Department of General Services is required by Section 2.1-483.1:1 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 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 the twelve months of calendar year 1997. This abbreviated report provides information for the first eight months of calendar year 1998, since the Code was amended during the 1998 Session of the General Assembly to require that the report be submitted by September 15. The next annual report will contain 12 full months of data.
Of all capital outlay projects under some stage of design during the first eight months of 1998, six (6) projects with an estimated construction value of $66,227,000 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).
Six projects were value engineered during the first eight months of 1998 with a total estimated construction value of $66,227,000. Estimated savings recommended by the value engineering teams and accepted by state agencies totaled $4,121,050, or 6.2% of the estimated construction value.
IV. Waivers Granted
No waivers of the requirement for a project with an estimated construction cost greater than $5,000,000 to be value engineered were granted.