Project Value Review for Quarry House

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Assignment Task

Project assumptions

• The client’s value system and the value engineering study were based on the following project assumptions:
• The client does not intend to change the specification of the building
• The client has multiple commercial revenue streams other than this project
• The client would not see major detriment to a late handover over
• The client accepts certain flexibility regarding budgeting
• The project design assumes the use of regular lighting installations
• The proposed interior signage is assumed not to be fit for individuals with special needs
• There is sufficient space for the replacement of the external staircase for ramp
• Capital Cost / Space: All costs incurred from the inception of the project until operability , occupation or service delivery.
• B.Through Life Cost: All costs associated with the operations and maintenance of the completed project.
• C.Time: The time from the present until the project is absorbed back into the client’s core business.
• D.Politics / Popularity / Community: Refers to the extent to which community, popularity and good neighbour issues are important to the client.
• E: Environmental Impact: The extent to which the project results in a sympathetic approach to the environment.
• F: Exchange / Income: Monetary value of the project, capitalised rental or how much the project would realise were it to be sold
• G: Flexibility: The extent to which the project parameters have to reflect a continually changing environment.
• H: Esteem: The extent to which the client wishes to commit resources for an aesthetic statement and/or portray the esteem of the organization internally/externally.
• J: Comfort: The physical and psychological comfort of the building as a place for work and living

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• Posted on : January 04th, 2020

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