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.

Thesis Overview

The project titled "Cost Estimation and Value Engineering in Sustainable Construction Projects: A Case Study" aims to investigate the application of cost estimation and value engineering practices in sustainable construction projects. Sustainable construction has gained significant importance in the construction industry due to the growing emphasis on environmental conservation and resource efficiency. Cost estimation plays a crucial role in determining the financial feasibility of sustainable construction projects, while value engineering focuses on optimizing project value through cost-effective design and construction practices. The research intends to explore the challenges and opportunities associated with integrating cost estimation and value engineering principles in sustainable construction projects. By conducting a case study analysis, the project seeks to provide insights into the effectiveness of these practices in achieving sustainability goals while ensuring cost efficiency. The study will examine real-world examples of sustainable construction projects to identify best practices and lessons learned in cost estimation and value engineering. Key aspects to be addressed in the research overview include the background of sustainable construction, the significance of cost estimation and value engineering, the specific objectives of the study, the methodology employed for data collection and analysis, the findings and discussions from the case study analysis, and the implications of the research for the construction industry. Through a comprehensive overview of the project, the research aims to contribute valuable knowledge to the field of sustainable construction and enhance understanding of cost-effective strategies for achieving sustainability in construction projects.