A STUDY ON VALUE ENGINEERING & GREEN BUILDING IN RESIDENTIAL CONSTRUCTION

Value is a function of cost relative to quality or function. Saving time, money and providing superior value is a concept that everyone can support. The benefits of scattering our invested rupee, building more for less money, increasing efficiency and cutting down our dependency on energy-intensive buildings and plant facilities need to be recognized today and pursued in the future. Value Engineering can increase the product cost by reducing unnecessary costs, associated with the product. In VE hidden costs may be eliminated without affecting quality. Hence Value Engineering saves money and improves productivity. The literature deals about the value engineering in construction industry that is helpful to gain knowledge about the work study, value management, improvement techniques. This thesis based on qualitative and quantitative analysis, questionnaire, interview by the engineers, review of previous journals regarding value engineering. Hence these are the finding.  Value engineering methods and techniques  Implementation of value engineering in a green building  Important roles of value engineer and how to do effective value on cost  Recommendations and development in green building