Value Engineer. The professional engineer(s) to be retained by, or to consult with, Cal- Am to perform a value engineering analysis for the Desalination Project to potentially lower the costs of, or maximize the value of, the Desalination Project to Cal-Am’s ratepayers, including matters concerning the cost effectiveness, performance, reliability, quality, safety, durability, effectiveness, or other desirable characteristics of the Desalination Project. The Parties acknowledge that the Project is still under development and several aspects of the Project may be modified as planning continues and as may be ordered by the CPUC. If necessary to address future modifications to the Project, the Parties agree to cooperate in good faith to reach agreement to amend the definitions set forth herein as necessary to fulfill the purpose of this Agreement.
Value Engineer. The professional engineer(s) to be retained by MPRWA or MPWMD upon the selection of the Governance Committee to perform a value engineering analysis for one or more components of the Desalination Project, excluding the Source Water Infrastructure, to potentially lower the costs of, or maximize the value of, the Desalination Project to Cal-Am’s ratepayers, including matters concerning the cost effectiveness, performance, reliability, quality, safety, durability, effectiveness, or other desirable characteristics of the Desalination Project. A value engineering analysis will not be performed on the Source Water Infrastructure.
Value Engineer. The professional engineer(s) to be retained by MPRWA upon the selection of the Governance Committee to perform a value engineering analysis for the Desalination Project to potentially lower the costs of, or maximize the value of, the Desalination Project to Cal-Am’s ratepayers, including matters concerning the cost effectiveness, performance, reliability, quality, safety, durability, effectiveness, or other desirable characteristics of the Desalination Project.
Value Engineer. The process by which the Developer or Owner after consulting with the Design Steering Committee may adjust the construction plans for the building in response to a reduction in the budget for the Development below the Expected Cost. Such Value Engineering may include square footage reductions, use of alternative materials, reduction or elimination of any expenditures associated with historic replication, and such other, similar techniques as the Developer or Owner may determine appropriate and in accordance with all Governmental Requirements.
