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    (Showing 1 to 15 of 88 results found.)48.101 General.48.101 General., 48.101 General., (a) Value engineering is the formal technique by which contractors may (1) voluntarily suggest methods for performing more economically and share in any resulting savings or (2)be required to establish a program to identify and...FAR
          48.102 Policies.48.102 Policies., 48.102 Policies., (a) As required by 41 U.S.C. 1711 , agencies shall establish and maintain cost-effective value engineering procedures and processes. Agencies shall provide contractors a substantial financial incentive to develop and submit...FAR
          48.103 Processing value engineering change proposals.48.103 Processing value engineering change proposals., 48.103 Processing value engineering change proposals., (a) Instructions to the contractor for preparing a VECP and submitting it to the Government are included in paragraphs (c) and (d) of the value...FAR
          48.104 Sharing arrangements.48.104 Sharing arrangements., 48.104 Sharing arrangements., 48.104-1 Determining sharing period., 48.104-2 Sharing acquisition savings., 48.104-3 Sharing collateral savings., 48.104-4 Sharing alternative-no-cost settlement method., Parent topic:, Subpart 48.1 -...FAR
          48.104-1 Determining sharing period.48.104-1 Determining sharing period., 48.104-1 Determining sharing period., (a) Contracting officers must determine discrete sharing periods for each VECP. If more than one VECP is incorporated into a contract, the sharing period for each VECP need not be...FAR
          48.104-2 Sharing acquisition savings.48.104-2 Sharing acquisition savings., 48.104-2 Sharing acquisition savings., (a) Supply or service contracts. (1) The sharing base for acquisition savings is the number of affected end items on contracts of the contracting office accepting the VECP. The sharing...FAR
          48.104-3 Sharing collateral savings.48.104-3 Sharing collateral savings., 48.104-3 Sharing collateral savings., (a) The Government shares collateral savings with the contractor, unless the head of the contracting activity has determined that the cost of calculating and tracking collateral savings...FAR
          48.104-4 Sharing alternative-no-cost settlement method.48.104-4 Sharing alternative-no-cost settlement method., 48.104-4 Sharing alternative-no-cost settlement method., In selecting an appropriate mechanism for incorporating a VECP into a contract, the contracting officer shall analyze the different approaches...FAR
          48.105 Relationship to other incentives.48.105 Relationship to other incentives., 48.105 Relationship to other incentives., Contractors should be offered the fullest possible range of motivation, yet the benefits of an accepted VECP should not be rewarded both as value engineering shares and under...FAR
          48.201 Clauses for supply or service contracts.48.201 Clauses for supply or service contracts., 48.201 Clauses for supply or service contracts., (a) General. The contracting officer shall insert a value engineering clause in solicitations and contracts when the contract amount is expected to exceed the...FAR
          48.202 Clause for construction contracts.48.202 Clause for construction contracts., 48.202 Clause for construction contracts., The contracting officer shall insert the clause at 52.248-3 , Value Engineering - Construction , in construction solicitations and contracts when the contract amount is estimated...FAR
          48.000 Scope of part.48.000 Scope of part., 48.000 Scope of part., This part prescribes policies and procedures for using and administering value engineering techniques in contracts., Parent topic:, Part 48 - Value EngineeringFAR
          48.001 Definitions.48.001 Definitions., 48.001 Definitions., As used in this part- Acquisition savings means savings resulting from the application of a value engineering change proposal (VECP ) to contracts awarded by the same contracting office or its successor for essentially the...FAR
          16.600 Scope.16.600 Scope., 16.600 Scope., Time-and- materials contracts and labor-hour contracts are not fixed-price contracts., Parent topic:, Subpart 16.6 - Time-and-Materials, Labor-Hour, and Letter ContractsFAR
          16.601 Time-and-materials contracts.16.601 Time-and-materials contracts., 16.601 Time-and-materials contracts., (a) Definitions for the purposes of Time-and- Materials Contracts. Direct materials means those materials that enter directly into the end product , or that are used or consumed directly...FAR

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