We all have an ideal image of that dream home we always wanted to live in. It goes without saying that we want the best for our home, but budget constraints have a way of bringing us back into reality.
With the rising price of land and construction costs, some developers have decided to cut the cost of their projects to maintain their profit margin.
Sub-optimal materials may be used for the building. Either that or they were omitted entirely. There were even cases where the contractors removed the reinforced steel after the work had been inspected by the client.
To bring the significance of unethical cost-cutting into perspective, a 6.4 magnitude earthquake hit southern Taiwan in 2016, destroying an apartment. Upon closer examination, it was shown that the walls of the building had been filled with empty cooking oil cans.
Through value engineering, not only can such distasteful scenarios be averted, but cost savings can also be achieved. Talk about killing two birds with one stone.
Where quality and quantity meet
But what is value engineering? It is a systematic, organised approach to providing necessary functions in a project at the lowest cost. Think about substituting materials and methods with less expensive alternatives, without sacrificing functionality.
With that in mind, HCK Capital has come up with a revolutionary app called i-Constech to facilitate value engineering best practices. Big data and artificial intelligence are incorporated into the app to source for the most suitable supplier and relevant materials.
Human expertise is then deployed to optimise resource allocation for the project. Presiding over the entire process is the HCK value engineers, with the intent of humanising the end product.
When cost savings are passed on to the home buyer, their dream home becomes more easily attainable. If you are looking for a home with a good balance of function and pricing, then check this out: https://www.edusentral.net/
