Question: The initial budget for this program is estimated to be $35 million (plus 15% if needed) and the program should be completed within 11

(plus 15% if needed) and the program should be completed within 11

The initial budget for this program is estimated to be $35 million (plus 15% if needed) and the program should be completed within 11 months. The program consists of the following projects: 1. Solar panels 2. Ventilation and air-conditioning 3. Roof restoration 4. Re-cladding Based on the location of properties and the Climate Zone[1] of each region, some issues are identified by the property tenants and owners. The issues have been collated by the Operations and Maintenance (O&M) teams into six main issues distributed as two issues in each region as shown in the following table. Region Western Region Northern Region Southern Region Main issues Deteriorated property facades Very hot summer days High electricity bills Very cold on winter nights Complaints from roof leakages (mold issue) Small windows and poor ventilation No of properties 40 60 65 35 50 50 Your company has appointed you as a Value Management (VM) Expert to develop a report to enhance the value and quality of the program. You are part of a team to complete a Value Management study. Considerations The VM team met to initially discuss the program and main requirements. The team has recorded the following notes, which are relevant to the development of the VM study:

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