41 USC 432: Value engineering
Result 1 of 1
   
 
<< Previous   TITLE 41 / CHAPTER 7 / § 432   Next >>
 
41 USC 432: Value engineering Text contains those laws in effect on January 23, 2000
From Title 41-PUBLIC CONTRACTSCHAPTER 7-OFFICE OF FEDERAL PROCUREMENT POLICY
Jump To: Source CreditEffective Date

§432. Value engineering

(a) In general

Each executive agency shall establish and maintain cost-effective value engineering procedures and processes.

(b) "Value engineering" defined

As used in this section, the term "value engineering" means an analysis of the functions of a program, project, system, product, item of equipment, building, facility, service, or supply of an executive agency, performed by qualified agency or contractor personnel, directed at improving performance, reliability, quality, safety, and life cycle costs.

(Pub. L. 93–400, §36, as added Pub. L. 104–106, div. D, title XLIII, §4306(a), Feb. 10, 1996, 110 Stat. 665 .)

Effective Date

For effective date and applicability of section, see section 4401 of Pub. L. 104–106, set out as an Effective Date of 1996 Amendment note under section 251 of this title.