PART 2448 - VALUE ENGINEERING

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aria-labelledby="ariaid-title1"><article class="nested0" aria-labelledby="ariaid-title1" id="Part_2448_T48_6095435"> <h1 class="title topictitle1" id="ariaid-title1"> <span class="ph autonumber">PART 2448</span> - VALUE ENGINEERING</h1> <div class="body"> <p class="p"> <span class="ph">Authority: </span> 40 U.S.C. 486(c); 42 U.S.C. 3535(d). </p> <p class="p"> <span class="ph">Source: </span> 71 FR 2437, Jan. 13, 2006, unless otherwise noted. </p> <p class="p"><span>     </span> <a class="xref fm:TOC" href="/hudar/part-2448-value-engineering#Section_2448_102_T48_6095435011" title="2448.102 Policies." aria-label="2448.102 Policies.. Link 0">2448.102 Policies.</a> </p> <p class="p"><span>     </span> <a class="xref fm:TOC" href="/hudar/part-2448-value-engineering#Section_2448_103_T48_6095435012" title="2448.103 Processing value engineering change proposals." aria-label="2448.103 Processing value engineering change proposals.. Link 1">2448.103 Processing value engineering change proposals.</a> </p> <p class="p"><span>     </span> <a class="xref fm:TOC" href="/hudar/part-2448-value-engineering#Section_2448_104_3_T48_6095435013" title="2448.104-3 Sharing collateral savings." aria-label="2448.104-3 Sharing collateral savings.. Link 2">2448.104-3 Sharing collateral savings.</a> </p> </div> <nav role="navigation" class="related-links"><div class="familylinks"><div class="parentlink"><strong>Parent topic:</strong> <a class="link String2Xref" href="/hudar/subchapter-g-contract-management" title="SUBCHAPTER G - CONTRACT MANAGEMENT" aria-label="SUBCHAPTER G - CONTRACT MANAGEMENT. Link 3">SUBCHAPTER G - CONTRACT MANAGEMENT</a></div></div></nav><article class="topic concept nested1 Section" aria-labelledby="ariaid-title2" id="Section_2448_102_T48_6095435011"> <h2 class="title topictitle2" id="ariaid-title2"> <span class="ph autonumber">2448.102</span> Policies.</h2> <div class="body conbody"> <p class="p List1">(a) The authority of the agency head to exempt contracts from including Value Engineering (VE) procedures and processes under 48 CFR 48.102(a) is delegated to the HCA for individual (case-by-case) exemptions and to the Senior Procurement Executive for class exemptions. </p> <p class="p List1">(b) The Senior Procurement Executive is responsible for managing and monitoring HUD's VE efforts. </p> </div> </article> <article class="topic concept nested1 Section" aria-labelledby="ariaid-title3" id="Section_2448_103_T48_6095435012"> <h2 class="title topictitle2" id="ariaid-title3"> <span class="ph autonumber">2448.103</span> Processing value engineering change proposals.</h2> <div class="body conbody"> <p class="p P">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: </p> <p class="p List1">(a) The date the VECP was received; </p> <p class="p List1">(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; </p> <p class="p List1">(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; </p> <p class="p List1">(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; </p> <p class="p List1">(e) The potential for awarding concurrent, future, or collateral savings to the contractor, if the VECP is accepted; </p> <p class="p List1">(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; </p> <p class="p List1">(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 </p> <p class="p List1">(h) The need for additional funds, if acceptance of the VECP will result in an increase in the cost of contract performance. </p> </div> </article> <article class="topic concept nested1 Section" aria-labelledby="ariaid-title4" id="Section_2448_104_3_T48_6095435013"> <h2 class="title topictitle2" id="ariaid-title4"> <span class="ph autonumber">2448.104-3</span> Sharing collateral savings.</h2> <div class="body conbody"> <p class="p List1">(a) The authority of the HCA to determine that the cost of calculating and tracking collateral savings will exceed the benefits to be derived under 48 CFR 48.104-3(a) is delegated to the Contracting 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