Value engineering appraisal
Compare an alternative with the baseline across cost, quality, programme and approval requirements.
by Jack Butler-Kettle · About 2 min readShare
How to use it
Evaluate equivalent performance and whole-project effects. Do not count a saving until the change and its consequential costs are understood.
Value engineering appraisal
Evaluate equivalent performance and whole-project effects. Do not count a saving until the change and its consequential costs are understood.
Free blank template for your own project. The completed example is shown below. No email address required.
View the completed example
Completed fictional example
Westhaven refurbishment · 14 October 2026 · Version 1.0
Value engineering appraisal
Scroll across if needed to read the whole record. A dash means no value has been entered.
| Option | Baseline cost (£) | Alternative cost (£) | Consequential cost (£) | Net saving (£) | Performance / programme | Decision |
|---|---|---|---|---|---|---|
| Alternative ceiling system | £18,000.00 | £15,000.00 | £1,000.00 | £2,000.00 | Same fire/acoustic rating subject to design approval; no time change | Proposed; designer review required |
| Standard door sizes | £12,000.00 | £10,500.00 | £500.00 | £1,000.00 | Layout adjustment required; lead time reduces one week | Client to approve revised layout |
The examples show £2,000 and £1,000 forecast savings before VAT. Include maintenance, warranty and performance consequences in the decision.
Understanding your results
The examples show £2,000 and £1,000 forecast savings before VAT. Include maintenance, warranty and performance consequences in the decision.
How it works
The workbook provides blank working records. Grey cells calculate from the entered inputs; yellow cells are for your information. The completed example stays on this page.
Read the related guidance for the context and checks behind this template.
If you need help preparing or reviewing the project records, our quantity surveying services explain the tasks available under a separate appointment. Agree the deliverable, responsibilities and required specialist input before work starts.