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From Lorman Education Services
Value Engineering Change Proposals in Government Contracting
...ed profits from cost reduction suggestions. Using a Value Engineering Change Proposal ('VECP'), a contractor may suggest a contract change that, if accepted and implemented, provides cost savings to the Government and a substantial share in those savings to the contractor. Contractors that do not understand the VE clauses and their specific submittal requirements will ultimately forego their
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Value Engineering Change Proposals in Government Contracting
...ed profits from cost reduction suggestions. Using a Value Engineering Change Proposal ('VECP'), a contractor may suggest a contract change that, if accepted and implemented, provides cost savings to the Government and a substantial share in those savings to the contractor. Contractors that do not understand the VE clauses and their specific submittal requirements will ultimately forego their
more...
