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Samples in periodicals archive:
During fiscal 2006, 3,473 in-house value engineering proposals and contractor-initiated value engineering change proposals were accepted with projected savings/cost avoidance in excess of $1.
Under a value engineering change proposal the contractor agrees to invest in the product and the government agrees to buy a pre-determined quantity at a negotiated price.
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).
Last year, the courts announced two noteworthy decisions in the rarely reported area of Value Engineering Change Proposals (VECPs).
This announcement follows an earlier Value Engineering Change Proposal award to an existing contract.
During fiscal 2005, 3,047 in-house Value Engineering Proposals and contractor-initiated Value Engineering Change Proposals were accepted with projected savings/cost avoidance in excess of $924 million.
During fiscal year 2004, 1,723 in-house value engineering proposals and contractor-initiated value engineering change proposals were accepted with projected savings/cost avoidance in excess of $1 billion.
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.