REDUCING THE INFRASTRUCTURE CONSTRUCTION PROJECTS COST BASED ON VALUE ENGINEERING CONCEPT

Infrastructure construction sectors are gradually being complained for producing projects that don't succeed to achieve the next goals: completing the project in a minimum cost amounts or completing the project within a logical duration. Value engineering (VE) approach can assist to obtain methods to develop solutions for the previous difficulties by keeping a quantified equilibrium in budget, time and function through creating a big number of new options. This needs a stimulated group of multidisciplined experts in collaboration with the project team which is motivated and directed by the right method. This research presents the cost measurement of the infrastructure construction projects and is based on the value engineering concept and methodology. The study showed that the cost of the infrastructure construction project can radically decrease by applying the suitable value engineering procedure at the right time. Furthermore, this research paper displays an example of a value engineering case study - Wastewater Treatment Plant Extension project (WWTP) - that uses the cost measurement procedure for two items only (excavation and concrete casting). Thus, a decrease is produced in the total budget of the project from 1.7 billion Egyptian pounds (EGP) to 1.68 billion Egyptian pounds (EGP), so 1.2% of the total cost of the project is reduced, where the cost of excavation is reduced by 20 % and the cost of the concrete casting is reduced by 6.5%. Finally, this paper summarizes the advantages and usefulness of the recommended method.