Value Engineering Proposal definition

Value Engineering Proposal means a cost reduction proposal
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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 has the meaning set out in Schedule 12 [Changes];
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Examples of Value Engineering Proposal in a sentence

  • IPD Team Members shall bring forward within the design clusters, alternative systems, means, methods, configurations, site locations, finishes, equipment and the like that satisfy the general design criteria of the Project, but which result in savings of time or money in designing, constructing or operating and maintaining the Project, or increasing quality, constructability, or other measures of value and which are cost neutral (each, a "Value Engineering Proposal" or "VEP").

  • Each Value Engineering Proposal shall examine the proposed change, identify all aspects of the Project directly or indirectly affected by the change, specify the cost or time savings to be achieved if the VEP is accepted, and detail any anticipated effect on the Project's service life, economy of operation, ease of maintenance, appearance, design or safety standards.

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

  • These provisions do not apply unless the proposal submitted by the Contractor is specifically identified as being presented as a Value Engineering Proposal (VEP) and the Contract amount is in excess of $50,000.

  • 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.

  • The CTA may accept any Value Engineering Proposal in whole or in part.

  • The Contractor may deliver to BC Hydro preliminary information with respect to a proposed Value Engineering Proposal, but unless BC Hydro, in its discretion, agrees to pay or share the costs of developing a Value Engineering Proposal, the costs of investigating, researching and developing a potential Value Engineering Proposal will be borne entirely by the Contractor.

  • Each Value Engineering Proposal shall stand alone and shall not be contingent upon the acceptance of any other Value Engineering Proposal(s).

  • If the Value Engineering Proposal is not accepted, the Chief Infrastructure Officer will notify the Contractor in writing.

  • The Chief Infrastructure Officer’s acceptance may be conditional upon Contractor’s agreement to an alternate adjustment to the Contract Documents other than as proposed in the Value Engineering Proposal; in which case, such offer will remain open for acceptance for fourteen (14) days except as otherwise set forth in such notice.


More Definitions of Value Engineering Proposal

Value Engineering Proposal or "VEP" has the meaning set forth in Section 11.11.
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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

  • 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;

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

  • Proposal means the Technical Proposal and the Financial Proposal.

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

  • Feasibility Study means the evaluation and analysis of the potential of a project, which aims at supporting the process of decision-making by objectively and rationally uncovering its strengths and weaknesses, opportunities and threats, as well as identifying the resources required to carry it through and ultimately its prospects for success;