Value Engineering Change Proposal

Value Engineering Change Proposal (VECP). A construction contract change proposal submitted by the construction contractor based on a VECP provision in the contract. These proposals may improve the project's performance, value and/or quality, lower construction costs, or shorten the delivery time, while considering their impacts on the project's overall life-cycle cost and other applicable factors.

Source

23 CFR § 627.3


Scoping language

The following terms used in this part are defined as follows:

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