Transcription of Value Management and Value Engineering - RICS
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Value Management and Value Engineering - RICS
RICS guidance note RICS professional standards and guidance, UK. Value Management and Value Engineering 1st edition, January 2017. Value Management and Value Engineering RICS guidance note, UK. 1st edition, January 2017. Published by the Royal Institution of Chartered Surveyors (RICS). Parliament Square London SW1P 3AD. UK. No responsibility for loss or damage caused to any person acting or refraining from action as a result of the material included in this publication can be accepted by the authors or RICS. Produced by the Black Book working group of the Royal Institution of Chartered Surveyors. ISBN 978 1 7832 182 1. Royal Institution of Chartered Surveyors (RICS) January 2017. Copyright in all or part of this publication rests with RICS.
2017 – introduces the concepts of value management and value engineering in relation to construction projects, and in relation to the role of the chartered surveyor. Value in this context is the ratio between benefit (outputs) and the cost or effort (inputs) required to achieve it. Value management and value engineering are both concerned
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