48 CFR Part 1348 — Value Engineering

PART 1348—VALUE ENGINEERING Authority: 41 U.S.C. 414; 48 CFR 1.301-1.304. Source: 75 FR 10570, Mar. 8, 2010, unless otherwise noted. Subpart 1348.1—Policies and Procedures 1348.102 Policies. (a) Contracting activities shall send contractor-submitted Value Engineering Change Proposals (VECPs) to the appropriate technical personnel for review. (b) Technical personnel shall conduct a comprehensive review of VECPs for technical feasibility, usefulness, and adequacy of the contractor's estimate of cost savings; make a written report; and recommend acceptance or rejection to the contracting officer. (c) The designee authorized to grant exemptions from value engineering provisions in appropriate supply, service, architect-engineer and construction contracts is set forth in CAM 1301.70. Subpart 1348.2—Contract Clauses 1348.201 Clauses for supply or service contracts. The designee authorized to grant exemptions from the requirements of FAR Part 48 for a contract or class of contracts is set forth in CAM 1301.70.

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