Value engineering proposal definition

Value engineering proposal means a cost reduction proposal
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Value engineering proposal as used in this clause, means, in connection with an A-E contract, a change proposal developed by employees of the Federal Government or contractor value engineering personnel under contract to an agency to provide value engineering services for the contract or program.
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Value engineering proposal has the meaning set out in Schedule 12 [Changes];
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More Definitions of Value engineering proposal

Value engineering proposal or "VEP" has the meaning set forth in Section 11.11.
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Value engineering proposal means a written proposal submitted by the Contractor under Sub-Clause 13.2 (Value Engineering Proposals) which (in the Contractor's opinion):
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Related to Value engineering proposal

  • Value Engineering (VE) means a discipline of engineering that studies the relative monetary values of various materials and construction techniques, including the intial cost, maintenance cost, energy usage, replacement cost, and life expectancy of the materials, equipment or systems under consideration.

  • Technical Proposal means the Contractor’s Technical Proposal dated (Technical Proposal date).

  • Project Proposal has the meaning set forth in Section 2.2(b).

  • Value engineering change proposal (VECP) means a proposal that--

  • TO Technical Proposal means the TO Contractor’s technical response to the CATS+ TORFP dated date of TO Technical Proposal.