What is VECP?
What is VECP?
Value Engineering Change Proposal (VECP) is a proposal submitted by a contractor under the Value Engineering (VE) provisions of the Federal Acquisition Regulation (FAR) (FAR Part 48) that, through a change in the contract, would lower the project’s life-cycle cost to DoD.
What is a VECP in construction?
Value Engineering Change Proposals (VECPs) Value Engineering Change Proposals (VECP) are post-award value engineering proposals made by construction contractors during the course of construction under a value engineering clause in the contract.
How long a contracting officer has to accept or reject a Vecp?
within 45 days
(b) The contracting officer is responsible for accepting or rejecting the VECP within 45 days from its receipt by the Government. If the Government will need more time to evaluate the VECP, the contracting officer shall notify the contractor promptly in writing, giving the reasons and the anticipated decision date.
What is a value engineering Change?
Page 1. 101.90 Value Engineering Change Proposal (VECP). A change to contract requirements proposed by the Contractor which will accomplish the project’s functional requirements at less cost or improve value or service at no increase or at a minor increase in cost.
How are VECPs used in a construction project?
The VECP special provision is placed in all projects. VECPs submitted by the contractor are value engineering concepts, principles, and techniques applied at the construction stage of a project. Submittal of VECPs from the contractor is intended to promote lower costs, provide a better product, improve safety, or shorten contract time.
What are the benefits of the VECP program?
Some of the benefits of VECP throughout the life-cycle of a program are: [1,2] Providing an incentive to industry to use its high-level engineering expertise to reduce cost and improve capability on DoD systems immediately Building a more effective business relationship with industry
What is a value engineering change proposal ( VECP )?
Value Engineering Change Proposal (VECP) is a proposal submitted by a contractor under the Value Engineering (VE) provisions of the Federal Acquisition Regulation (FAR) (FAR Part 48) that, through a change in the contract, would lower the project’s life-cycle cost to DoD.
How does MDOT keep track of the VECP?
All construction and design personnel (MDOT, local agency, and consultant) are to keep track of the time they spend reviewing the VECP. This information is to be forwarded to the Construction Field Services Division, Attention Construction Operations Engineer when all reviews are complete.