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VALUE ENGINEERING CHANGE PROPOSAL CONTRACTOR SUMMARY SUBMITTAL FROMDATETOVECP NO.PROJECTCONTRACT NO.LOCATIONSUMMARY OF CHANGE (DescriptionCompare advantages and disadvantages) BEFORE (Sketch, when
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Value Engineering Change Proposal (VECP) is a formal proposal submitted by a contractor to the government offering changes to the design, specifications or methods of performing work in order to reduce costs while maintaining or improving performance.
Contractors working on government projects are required to file a Value Engineering Change Proposal if they believe they have identified a cost-saving change.
To fill out a Value Engineering Change Proposal, contractors must provide a detailed description of the proposed change, the expected cost savings, potential impact on schedule and performance, and other related information.
The purpose of a Value Engineering Change Proposal is to promote cost savings on government projects by allowing contractors to propose changes that improve efficiency without sacrificing quality.
A Value Engineering Change Proposal must include a detailed description of the proposed change, its anticipated cost savings, impact on schedule and performance, and any other relevant information.
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