Cost Estimation and Value Engineering in Sustainable Construction Projects: A Case Study

Thesis Abstract

Abstract
The construction industry plays a vital role in economic development and sustainability worldwide. This thesis focuses on the critical aspects of cost estimation and value engineering within the context of sustainable construction projects. The research delves into the challenges faced in estimating costs accurately and implementing value engineering practices efficiently to enhance project outcomes while maintaining a sustainable approach. A detailed case study approach is adopted to analyze the application and impact of these practices in a real-world construction project. Chapter One provides an introduction to the research, discussing the background, problem statement, objectives, limitations, scope, significance, structure, and key definitions related to the study. The importance of cost estimation and value engineering in sustainable construction projects is emphasized, setting the stage for further exploration in subsequent chapters. Chapter Two presents a comprehensive literature review that covers ten key aspects related to cost estimation, value engineering, sustainability in construction, and relevant theories and models. The review analyzes existing research, identifies gaps in knowledge, and provides a theoretical framework for the research study. Chapter Three outlines the research methodology employed in this study. It includes details on the research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. The chapter also discusses the selection criteria for the case study and justifies the chosen approach in investigating cost estimation and value engineering in sustainable construction projects. Chapter Four presents an in-depth discussion of the findings derived from the case study analysis. It examines the practical application of cost estimation techniques and value engineering principles in the selected construction project. The chapter highlights the challenges faced, the strategies employed, and the outcomes achieved in enhancing cost efficiency and value delivery while promoting sustainability. Chapter Five concludes the thesis by summarizing the key findings, implications, and contributions of the research. The conclusion reflects on the significance of cost estimation and value engineering in sustainable construction projects and offers recommendations for future research and practice. The study underscores the importance of integrating cost-effective measures and value-added solutions within the framework of sustainable construction practices to achieve overall project success and environmental responsibility. In conclusion, this thesis contributes to the body of knowledge in quantity surveying and construction management by investigating the interplay between cost estimation, value engineering, and sustainability in construction projects. The findings offer valuable insights for industry practitioners, academics, and policymakers seeking to optimize project performance, minimize costs, and promote sustainable development in the built environment.