Authors :
Oladigbolu edward; Olagunjuomotawurayo; Olajide paul. c; Adeogunerioluwa. k; Iyaraoluwafemiobaitua; Ilugbekhaichinonso. s
Volume/Issue :
Volume 7 - 2022, Issue 8 - August
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3VownJl
DOI :
https://doi.org/10.5281/zenodo.7384601
Abstract :
Value engineering is useful for monitoring
costs and improving quality. it has given the sector
momentum to the global economy. Technology cost
management is technology used in various industries to
increase efficiency and reliability by reducing costs. The
Value Engineering account accepts both non-recurring
costs and recurring costs. Many problems affect the
construction industry, e.g. B. Poor cost analysis, false
cost estimates, shot-information and obscure systems
that make it difficult to meet customer requirements. In
this context, this study estimates the application of
technology costs in construction projects in Lagos State.
This journal provides construction professionals with a
comprehensive framework to resolve and resolve
different projects for basic projects. This study was
conducted to compare the multiple ways in which time
and costs are reduced in terms of value development and
are used in the construction industry. The proposed
structured questionnaire was divided into six groups of
(6) respondents, reported and returned. The relative
importance index has been used to support the
agreement of the respondents. The results showed the
level of awareness and application of the concept in the
construction industry. According to the agreement
among the respondents six (6) factors were considered
the most important factors that impede the application
of inexpensive technology in construction projects. The
study concluded that the value of technology is not
common in the construction industry, but adds
significant value to all construction projects.
Keywords :
value engineering, construction, cost analysis, assessmen
Value engineering is useful for monitoring
costs and improving quality. it has given the sector
momentum to the global economy. Technology cost
management is technology used in various industries to
increase efficiency and reliability by reducing costs. The
Value Engineering account accepts both non-recurring
costs and recurring costs. Many problems affect the
construction industry, e.g. B. Poor cost analysis, false
cost estimates, shot-information and obscure systems
that make it difficult to meet customer requirements. In
this context, this study estimates the application of
technology costs in construction projects in Lagos State.
This journal provides construction professionals with a
comprehensive framework to resolve and resolve
different projects for basic projects. This study was
conducted to compare the multiple ways in which time
and costs are reduced in terms of value development and
are used in the construction industry. The proposed
structured questionnaire was divided into six groups of
(6) respondents, reported and returned. The relative
importance index has been used to support the
agreement of the respondents. The results showed the
level of awareness and application of the concept in the
construction industry. According to the agreement
among the respondents six (6) factors were considered
the most important factors that impede the application
of inexpensive technology in construction projects. The
study concluded that the value of technology is not
common in the construction industry, but adds
significant value to all construction projects.
Keywords :
value engineering, construction, cost analysis, assessmen
