Problem
You work at XYZ Construction Company. They are in the business of building and selling brand new houses. Your company has a set timeframe that they need to build in, a set cost with each house that is around the $500,000 area, and the scope of the project is to ensure you make a profit on the builds. Your boss comes to you knowing that you have a value engineering background and has a proposition. We can build a $500,000 house using cheaper materials lowering the overall cost of the housing making them easier to sell for a profit. By doing this we can sell the house for $450,000. The savings on this should roughly reduce the functionality but at the same time reduce the cost to the consumer.
What should you tell your boss about this situation?