StudentShare solutions
Triangle menu

The Application of Value Engineering in the Saudi Construction Industry - Essay Example

Nobody downloaded yet

Extract of sample
The Application of Value Engineering in the Saudi Construction Industry

However, since then all government departments in Saudi Arabia have switched to using value engineering, and the Saudi government has sincerely tried to encourage the construction industry in the nation to benefit from value engineering. Value engineering is even more important today for the Saudi Arabian construction industry because moderate growth forecasts for the GDP rate demand delivery of value under conditions of intense competition and difficulty in raising finance for construction projects. This literature review presents an examination of themes that emerge from published literature about value engineering, the Saudi Arabian construction industry and the application of value engineering in the Saudi Arabian construction industry.
In the year 1902, when Ibn Saud captured the garrison town of Riyadh, it was just a dusty oasis in Najd (Businessweek, 2006, Pp. 1 – 2). However, according to the previously mentioned report, a surge in oil prices and a high rate of population growth has since then created a demand for sophisticated design and construction. Today, Riyadh is no longer a dusty oasis, but a beacon to a new age of engineering prowess and the Saudi construction industry has come a long way from the standards of the year 1902.
In the year 2005, the construction market in the Gulf Cooperation Council (GCC) region, of which the Kingdom of Saudi Arabia is also a member, achieved new heights in terms of the construction contracts awarded (AME Info, 2010, “Kuwait construction industry - hitting new heights”). According to the previously mentioned article, the value of the construction contracts for the GCC region doubled at the end of the year 2006 from the figure at the end of the year 2004 due to a rapid surge in the region’s real GDP following a boom in oil prices in the years 2003 - 2006. However, since then, according to Gulf (2010, Pp. 2 – 3), financing conditions for ...Show more

Summary

In addition to deciding about the best design alternatives for projects, processes, products or services, the use of value engineering reduces costs for existing projects, products, processes or services. Thus, value engineering is important for the construction industry because…
Author : donnakilback
The Application of Value Engineering in the Saudi Construction Industry essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"The Application of Value Engineering in the Saudi Construction Industry"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Assessment of risk management perceptions and practices of construction contractors in Saudi Arabia
This study aims to obtain information regarding risks encountered by construction contractors in Saudi Arabia; to know and understand how contractors introduce management and engineering techniques in dealing with risks; to analyze how these risks can be minimized; to provide recommendations for an effective risk management technique in the Saudi construction industry.
43 pages (10750 words) Essay
Engineering and construction
.......................... 21 – 23 Task4 ......................................................................... 24 – 26 Task5 ........................................................................... 27 – 29 Task6 ...............................
12 pages (3000 words) Essay
Application of Engineering Principles
Some of the reasons for using metallic materials are the following. (a) Ease of Manufacturing: Metallic materials are easiest to manufacture into different forms by different shaping processes like casting, hot and cold rolling, hot and cold forging, extrusion, drawing, pilgering etc.
10 pages (2500 words) Essay
Engineering - Construction Procurement
The Parish Council own the site, formerly a garage located adjacent to the village green in a conservation area. The Council has narrowed the choice of procurement down to traditional or design and build. Task Discuss the two alternative procurement routes, explaining their characteristics and relative advantages and disadvantages.
5 pages (1250 words) Essay
Construction Industry Essay
As far as the U K is concerned, its output is worth over 100bn a year. It accounts for 8% of Gross Domestic Product (GDP) and provides employment for around 3 million workers (Strategies for Sustainable Construction 2008. p.2). Civil Engineering is "the profession of designing and executing structural works that serves the general public.
16 pages (4000 words) Essay
The UK Construction Industry
According to the paper builders and craftsperson’s still confront the age-old problems posed in the aboriginal search for dwellings. Issues of ventilation, illumination, and structural support, which challenged their historical predecessors, are confronted daily by engineers, architects, and tradespersons. Cave dwellers would no more be apt to build a wintry fire in a low-domed cliff aperture than would a twentieth-century architect design a sealed office structure without air-conditioning.
12 pages (3000 words) Essay
Value Engineering
Value and economy are improved through the study of alternate design concepts, materials and methods without compromising the value and functional objectives. Value engineering can be applied at any point in a project. Typically, the earlier application means a higher return of investment in time and effort.
11 pages (2750 words) Essay
Construction Industry
This paper focuses on the issues pertaining to skill shortages and whether the construction industry has the capacity to complete the projects for the Olympic games in 2012. The first part of the paper discusses scale and impact of the 2012 Olympics on the construction industry.
5 pages (1250 words) Essay
UK Construction Industry
They include architects, consultant engineers, surveyors, lawyers, plumbers, site managers, electricians, bricklayers and many others. Unlike in other sectors, most employees in the construction sector work for very small firms that are in turn subcontractors for bigger developers.
5 pages (1250 words) Essay
Engineering application - Marketing
I led the team that invented the hover board technology. During the innovation process, we used information technology instruments to control the propulsion and steering of the hover board. The technology is powered using renewable
4 pages (1000 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment