Boston — Value Assurance recently announced the launch of its proprietary service offering, the Value Assurance Project Review (VAPR). The independent advisory firm serves multifamily, mixed-use, and industrial developers; institutional investors and lenders; project executives; and owners’ representatives.
Central to the firm’s model is a savings guarantee: If a VAPR engagement does not yield savings that exceed the review fee, Value Assurance refunds the difference. If no savings are identified and accepted, the entire fee is returned. Value Assurance offers a complimentary pre-review ahead of every engagement to confirm that a full review will be worthwhile.
“We built Value Assurance around a simple conviction: Our fee should never exceed the value we deliver, and the guarantee exists to prove it. Owners take on zero risk in engaging us,” said Caleb Manchester, co-founder and COO of Value Assurance.
“Owners deserve an independent view of what they’re being asked to fund. VAPR provides that: a disciplined analysis of cost drivers that project teams are too close to see, delivered as part of the owner’s own process,” said Peter W. Bartash, co-founder and CEO of Value Assurance.
VAPR is timed to the construction document or pre-GMP stage and runs in parallel with ongoing design work, requiring no additional time on the project schedule and no disruption to the project team. Each VAPR engagement produces a detailed Findings Report page linked to the construction documents that the project team can evaluate, adopt, and act on directly. The review targets areas that include design choices, building systems, code compliance pathways, and specification inconsistencies, identifying savings that can be realized without any impact to design intent or construction quality.
“Our approach is holistic and first principles based, since every project is unique. We examine what others overlook—legacy details, oversized systems, redundant specifications—and deliver evidence the team can act on with confidence,” said John Harding V, AIA, co-founder and chief assurance officer of Value Assurance.
