What is Value Engineering?

Value engineering is when a set of construction drawings or plans that show how to build something are given to a contractor or manufacturer and they suggest alternate materials or methods of construction that would be cheaper than what is shown on the design drawings in an effort to save money with the goal of having an end product that is ‘just as good’ as what was designed by the engineer in the first place. It is the process of cheapening the end product to save money and/or lower production costs of a good. It is also a reason why so many things that start out as good inventions end up being cheap pieces of garbage when they finally make it to the marketplace, but I’m not bitter about it.