$233 MILLION PUBLIC HOSPITAL IS A STUDY IN KEEPING A PROJECT ON TARGET
By Jessica Griffith
Value engineering shaved nearly $20 million from the original proposal for the new children’s hospital at the University of New Mexico.
Photo courtesy of DCSW Architects Inc.
The University of New Mexico Hospital received quite a bit of money from the state Legislature – $40 million to be exact – to build a new children’s hospital and critical care pavilion. The hospital combined that money with a bond issue to launch its massive, currently under construction $233 million project.
Even with such a large sum at its disposal, the hospital’s status as a public facility meant that every saved dollar was valuable, so hospital officials worked with contractors, engineers and architects to trim costs and keep the project as affordable as possible.
As a result, nearly $20 million disappeared from the original proposal, bringing the construction costs to somewhere around $122 million, says Marc Schiff, principal of DCSW Architects in Albuquerque, N.M.
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