Downey & Scott led a Value Engineering workshop for two (2) interconnected projects (Cocke Hall and Cormack Hall) simultaneously. These two (2) historic building are to be renovated, and are located on the Virginia Military Institute Campus in Lexington, VA. A total hard construction cost for the two (2) projects combined was $30,342,000.
The study resulted in full development of eighteen (18) alternatives and two (2) design suggestions that offer nearly $2,000,000 in potential first cost savings for Cocke Hall. Additionally, the study provided eight (8) alternatives and two (2) design suggestions for the smaller project, Cormack Hall, which has a potential of $153,000 in cost savings.
In addition to alternatives and design suggestions that focus on costs and specific line items in the estimate, the VE team also performed some additional tasks that should have some true added-value from the stand point of providing guidance as the project moves forward toward funding and construction. Most prominently, was the development of a high level construction schedule in MS Project. This schedule was not by any means a complete schedule, but was developed to a point that would yield some insights into the execution and phasing of the renovation of Cocke Hall and Cormack Hall.
These projects are linked together, with the logic being that Cormack Hall will be completed in one (1) year. Once completed, Cormack Hall will be in part used to house some of the functions of Cocke Hall both temporarily and permanently. The construction sequence proceeds with Cocke Hall renovation and is expected to last 20 months.