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                            2448.103   Processing value engineering change proposals.
        
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HUDARPart Number: 2448
        
                  

                                
                  
        HUD Acquisition Regulation
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2448.103 Processing value engineering change proposals.       Upon receipt of a Value Engineering Change Proposal (VECP), the Contracting Officer shall promptly forward it to the program office responsible for the contract, indicating:          (a) The date the VECP was received;          (b) The date by which the contractor must be informed of the government's acceptance or rejection of the VECP, unless additional time is required for evaluation;          (c) The date by which the Contracting Officer must know of the technical officer's decision in order to timely accept or reject the VECP;          (d) The need for information required to inform the contractor if the VECP is to be rejected or if additional time is needed to evaluate the VECP;          (e) The potential for awarding concurrent, future, or collateral savings to the contractor, if the VECP is accepted;          (f) That if the VECP is accepted, precise information will be needed with regard to the type of savings, and government costs, that can be expected from its acceptance;          (g) The need for a procurement request setting forth the specification changes to be used in a contract modification accepting the VECP in whole or in part; and          (h) The need for additional funds, if acceptance of the VECP will result in an increase in the cost of contract performance.    **Parent topic:**  PART 2448 - VALUE ENGINEERING
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