Dear All,
My company is bidding for a FEED project that designs a gas treatment facility based on a nearby existing plant (essentially a new train). The scope of work includes value engineering. There is a difference in opinion between us and the client - our management thinks it should be done on the design of the existing plant before the FEED starts, and the results are then applied to the current design, while the client believes it is to be done later during FEED after FEED design is significantly developed.
Being new to value engineering, I have the following questions on the subject and hope anyone could shed some light. My apologies if this is not the right forum.
- What is value engineering?
- How is it done and when is it normally conducted during design stage?
- What technical documents are needed to conduct the review?
Your inputs and any suggestions are greatly appreciated.
Thanks,
Ed