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News & Press: Value Study Successes

Minding the Public Purse

Monday, July 6, 2015   (0 Comments)
Posted by: Joseph Sapp
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Woodrow Wilson Bridge Replacement 
Maryland State Highway Administration

A quarter of a million cars each day. On a bridge designed for 75,000.

When the much-needed Woodrow Wilson Bridge replacement was put out to bid, the one solitary response was 72% over budget! So a formal Value Engineering study was held to bring the cost under control.

By dividing the project into three separate contracts, attracting additional bidders and identifying $50 million in alternative savings, the bridge cost was lowered by $362 million.

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SAVE International® is the premier international society devoted to the advancement and promotion of value engineering. VE benefits include decreasing costs, increasing profits, improving performance and improving quality.