Study of Value Engineering Implementation Among Contractors In Malaysia

This project is a study or research of implementation of Value Engineering (VE) in
Malaysia's construction industry focusing among the Class A to Class C contractors
in Peninsular of Malaysia.
The objectives of this research project are to investigate the level of awareness,
implementation and the current state of VE in Malaysia's construction industry. In
2003, a research is done on this matter and it shows that the implementation is very
low. There is no research done since then and it is very important to investigate the
recent level of awareness and implementation in the industry because the outcome
could be different from the previous research. If the no changes or the level of
awareness and implementation is decreasing, the latest outcome could be used as a
reference for the govern body such as Construction Industry Development Board
(CIDB) to promote VE in the industry since construction industry in Malaysia
contribute important element in the economy. Even it is less than 5% of the
national's Gross National Product, it has extensive linkages with the rest of the
economy in this country.
To carry out this research, comprehensive literature review is done to provide the
background and history of VE, key terminology and definitions of VE, approaches
to VE in construction as well as previous study. Survey questionnaires and semi
structural interviews is also used to achieve these objectives. These two methods
will provide information on the awareness and perception of VE among construction
professionals. From the research, it is found that the level of awareness of VE is
average to high while the level of implementation is above average. Its current state
of implementation is determined as widely implemented among those who
implement VE.
It is hope that this study will contribute as a step to establish a framework for
successful implementing VE in Malaysia's construction industry.