BOSTON— Value Assurance, an independent advisory firm serving real estate owners and developers, has launched its proprietary service, the Value Assurance Project Review (VAPR), designed to deliver measurable construction savings while eliminating risk for owners.
Central to the offering is a savings guarantee: if a VAPR engagement does not produce savings exceeding the review fee, Value Assurance refunds the difference. In cases where no savings are identified or accepted, the firm returns the entire fee. Each engagement begins with a complimentary pre-review to ensure that a full review will be worthwhile.
Caleb Manchester, Co-Founder and COO of Value Assurance, said, “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.”
Unlike traditional value engineering, VAPR provides an independent, owner-aligned examination of construction drawings and specification sets, identifying savings opportunities and risks before commitments are made. The process has been applied across projects totaling more than $1 billion in reviewed value, delivering an average of 3.70% in hard-cost savings opportunities.
A recent engagement on a 300+ unit multifamily project identified over $1.5 million in hard-cost savings by streamlining MEP systems, eliminating redundant specifications, and addressing overlooked structural elements, all without altering design intent, unit count, or finishes.
Peter W. Bartash, Co-Founder and CEO of Value Assurance, said, “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.”
John Harding V, AIA, Co-Founder and Chief Assurance Officer, added, “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.”
VAPR is timed to the construction document or pre-GMP stage and runs in parallel with ongoing design work, requiring no schedule adjustments or disruption to the project team. Each engagement produces a detailed Findings Report linked to the construction documents, enabling project teams to evaluate and implement savings opportunities directly.
The firm serves multifamily, mixed-use, and industrial developers, institutional investors, lenders, project executives, and owners’ representatives. Value Assurance combines expertise in design, development, finance, construction, and project management with proprietary technology and tools that enable systematic analysis at a depth and speed beyond traditional consulting approaches.
The launch of VAPR establishes Value Assurance as a risk-free, evidence-backed partner for owners seeking to optimize project costs while protecting quality and design intent.
