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Marks and Spencer Value Engineering

Marks & Spencer Value Engineering - Projects - Ridge & Partners LLP

Marks & Spencer commissioned Ridge to challenge its design solutions, materials, plant and equipment, and the entire procurement process for its new build and refurbishment programme. Based on the in-depth knowledge of our experts, Marks & Spencer was able to save around 15% of the programme’s costs.

We achieved this by engaging all relevant stakeholders to offer value-engineering solutions. This involved liaising with services and architectural design, retail design, cost management, central procurement, fire safety, facilities management, energy efficiency and enhanced capital allowances.

After an initial brief and consultation with each of the stakeholders Ridge carried out a rigorous interrogation of all specifications, design briefs, processes and procurement methods. This included an analysis of a large selection of historic costs and benchmarking against competitors.

All ideas were categorised and entered onto a value engineering matrix alongside budget costings and a RAG (red, amber, green) analysis of each item. The ideas were then discussed again with each stakeholder to agree whether they should be taken forward.

On the completion of the exercise a total in excess of £5 million (circa 15%) was saved. In addition, a number of items were earmarked for a secondary and a more detailed value-engineering process that included locking down the specifications and reviewing the actual designs as they progressed to ensure that all the savings were delivered and that the positioning of plant and risers and the routing of services were as economical as possible.

Marks & Spencer Value Engineering - Projects - Ridge & Partners LLP

Marks & Spencer Value Engineering - Projects - Ridge & Partners LLP

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Marks & Spencer Value Engineering - Projects - Ridge & Partners LLP

Marks & Spencer Value Engineering - Projects - Ridge & Partners LLP

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