Contract Law and Sales

There is an assignment associated with this topic, in a report format. This report will be included inAppendix B3 of the capstone report.

Work with your project advisor to define specific scope/expectations for your project.

The VE report should include the following:a summary of system or design component(s) you evaluated using value engineering:

Report Sections Include:

• Introduction
o Summary
o Background
o Description of variables you did and did not consider in performing your analysis(hard and soft variables)

• Summary of Value Engineering.
o Describe each phase

1 Information Phase Clearly identify the problem(s) to be solved and gather information on the background, functions and requirements of the project
2 Functional Analysis What must the project do? What are the functions and how are they related?
3 Creativity Phase Description of brainstorming ideas on how to improve the cost, and/or function
4 Evaluation Phase Screen ideas for acceptance, score remaining ideas on a scale and group ideas into categories. Develop design scenarios, and selection criteria. Rate and Rank ideas.
5 Development Phase Plan how to sell ideas, incorporate design, identify key recommendations

• A present worth economic analysis, including:
o Initial costs
o O&M costs (if applicable) over the lifetime of the design
o This section should include a summary of relevant equations used.
o Results should clearly show the cost effective alternative being considered.
o Supporting information should be shown graphically and through tables.

• Discussion of the results of your analysis
o Consider topics such as present worth and costs of construction, cost of maintenance, time to complete etc.

• Conclusion with recommendations for your preferred alternative.

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