Value Engineering Proposal definition

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 means a cost reduction proposal
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Value Engineering Proposal or "VEP" has the meaning set forth in Section 11.11.
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Examples of Value Engineering Proposal in a sentence

  • If the Value Engineering Proposal is accepted, the changes will be incorporated into the contract through changes in the quantities of unit bid items, new agreed price items or by force account as appropriate.

  • The $10,000 threshold for consideration of a Value Engineering Proposal, as specified in Article 104-12 applies.

  • The $10,000 threshold for consideration of a Value Engineering Proposal, as specified in Article 104-12 applies; however, this threshold will be satisfied if a Value Engineering Proposal similarly affects multiple bridges, resulting in a cumulative savings of more than $10,000 across those multiple bridges.

  • Approval of the concept does not constitute or imply approval of the subsequent submittal of the complete Value Engineering Proposal.

  • Approved Equal at the Town’s sole discretion as a Value Engineering Proposal after bidding.

  • These include disclosures on a quarterly basis to the regulator on the financial performance as well as corporate governance.From now, companies listed abroad wouldn’t be considered as public companies in India and hence, would not need to comply with the norms for listed companies.

  • The initiative must be identified as a Value Engineering Proposal (VEP), and may include modifications to the plans or specifications, construction phasing procedures, or other contract requirements.Any cost savings generated to the contract as a result of the VEP offered by the Contractor and approved by the Town will be shared equally between the Contractor and the Town.Bid prices are not to be based on the anticipated approval of a VEP.

  • The reduction of quantities or deletion of items of work which result from adjustment of the contract to meet field conditions as allowed under Article 104.02, shall not be incorporated into any Value Engineering Proposal.

  • There is now a need and opportunity to significantly ramp up this kind of support, which should be generalised across the future research and innovation programmes, and across themes and priorities4.

  • No proposal should rely on a grant of a Value Engineering Proposal, as described in NYSDOT Standard Specifications Section 104-10.The Contractor will be scored based on meeting the criteria described above.


More Definitions of Value Engineering Proposal

Value Engineering Proposal has the meaning set out in Section 7.1 of this Schedule 12 [Changes].
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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 means the detailed analysis of systems, equipment, materials, services, facilities, and supplies required by the Contract Documents for the purpose of achieving the desired and essential functions of the Owner’s program at the lowest cost consistent with required and necessary performance, longevity, reliability, quality and safety.

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

  • Project Proposal is the final and written description of the Project as described in Exhibit A, to be undertaken by Sub-recipient for which the Project Funds is granted and performance is required and monitored pursuant to this PFA.

  • 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.

  • TO Proposal - Technical means the TO Contractor’s technical response to the CATS II TORFP dateddate of TO Proposal – Technical.

  • Company Acquisition Proposal means any proposal for a merger or other business combination involving the Company or the acquisition of any equity interest in, or a substantial portion of the assets of, the Company, other than the transactions contemplated by this Agreement.

  • Company Superior Proposal shall have the meaning set forth in Section 7.4(b).

  • Superior Proposal has the meaning set forth in Section 5.09(a).

  • Superior Company Proposal has the meaning set forth in Section 6.02(e).

  • Competing Proposal shall have the meaning set forth in Section 6.5(f)(i).

  • Superior Acquisition Proposal means a bona fide Acquisition Proposal made by a third party for one or more of the McNeil Partnerships which the general partner of each such McNeil Partnership determines in good faith to be more favorable to the limited partners of such McNeil Partnership from a financial point of view than the Mergers and the other transactions contemplated by this Agreement with respect to such McNeil Partnership, and which such general partner determines in good faith is reasonably likely to be consummated.

  • Acquisition Proposal has the meaning set forth in Section 5.03(a).

  • Quality Surveillance Engineer / Inspector means any person appointed by or on behalf of the Purchaser to inspect or carry out quality surveillance on supplies, stores or work under the Contract or any person deputed by the Quality Surveillance Engineer for the said purpose.

  • Alternative Proposal has the meaning set forth in Section 6.2(b).

  • Responsive Proposal means a Proposal that complies with the material provisions of this RFP.

  • Geotechnical engineer means a professional engineer registered with the Association of Professional Engineers, Geologists, and Geophysicists of the Northwest Territories and whose principal field of specialization is the design and construction of earthworks in a permafrost environment;

  • Parent Superior Proposal shall have the meaning set forth in Section 7.4(g).

  • Eligible Proposal means a Proposal that meets or exceeds the prescribed requirement, proceeding to the next stage of evaluation;

  • Initial Engineering Report means the engineering report concerning Oil and Gas Properties of Loan Parties dated as of June 30, 2016, prepared internally by the Borrower.

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

  • approved proposal means a proposal approved or deemed to be approved under this Agreement;

  • Proposal means the Technical Proposal and the Financial Proposal.

  • Superior Proposal Notice has the meaning specified in Section 5.4(1)(c).

  • Business Plan means the information required to be supplied to the

  • Architect/Engineer (A/E means a person registered as an architect pursuant to Tex. Occ. Code Ann., Ch. 1051, as a landscape architect pursuant to Tex. Occ. Code Ann., Ch. 1052, a person licensed as a professional engineer pursuant Tex. Occ. Code Ann., Ch. 1001, and/or a firm employed by Owner or Design-Build Contractor to provide professional architectural or engineering services and to exercise overall responsibility for the design of a Project or a significant portion thereof, and to perform the contract administration responsibilities set forth in the Contract.