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What does VECP stand for?

VECP stands for Value Engineering Change Proposal

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Science, medicine, engineering, etc.

See other meanings of VECP

Other Resources:
We have 4 other definitions for VECP in our Acronym Attic

Samples in periodicals archive:

Contractor Entitled to the Value of Its Proposal--Not a Penny More Last year, the Year in Review (1) discussed a case affirming an earlier Armed Services Board of Contract Appeals (ASBCA) decision concerning a value engineering change proposal (VECP).
Possible methods are early identification through shared databases, inter-Service and inter-agency cooperation, and contractor participation; use of predictive tools; life of type buys; aggressive material improvement program and deficiency reporting programs; use of engineering change proposals (ECPs) and value engineering change proposals (VECPs) to upgrade and modernize components while maintaining interchangeability and F3 (form, fit, function); specialty manufacturers; reverse engineering; data rights; and drawing availability.