1. For federal contracts, what are the differences between a Value
Engineering Proposal (VEP) and a...
50.1K
Verified Solution
Link Copied!
Question
Civil Engineering
1. For federal contracts, what are the differences between a ValueEngineering Proposal (VEP) and a Value Engineering Change Proposal(VECP)? In your response, discuss what they entail and the profitshare to both parties under theVECP.
2.What are the advantages to the owner, if his/her A/E valueengineers every bit of design done in his/her offices? What otherrecourse does the owner have to optimize costs and what could bethe consequences to the A/E if he/she refuses to value engineerhis/herdesign?
please help ASAP
Answer & Explanation
Solved by verified expert
3.7 Ratings (361 Votes)
Value Engineering Proposal Value Function Cost Value engineering is a systematic method to improve the value of a product or service Which would lower the projects lifecycle cost Its intended to reduce costs increase quality and improve service Whereas according to Federal Acquisition Regulation FAR FAR Part 48 Value Engineering Change Proposal VECP is a proposal submitted by a contractor seeking changes in the contract observed by provisions of
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
