Content of Value Engineering Proposal Clause Samples

The 'Content of Value Engineering Proposal' clause defines the required elements and structure that must be included in a value engineering proposal submitted by a contractor or consultant. Typically, this clause specifies that the proposal should detail the suggested changes, provide cost-benefit analyses, outline implementation steps, and assess potential impacts on project quality or timelines. By clearly outlining these requirements, the clause ensures that all proposals are comprehensive and comparable, facilitating informed decision-making and promoting project improvements or cost savings.
Content of Value Engineering Proposal. A Value Engineering Proposal will: (a) set out all the information required in a Change Report as required under Section 3.3 of this Schedule, modified to apply to a Value Engineering Proposal; (b) specify the Contractor’s reasons and justification for proposing the Value Engineering Proposal; (c) indicate any implications of the Value Engineering Proposal, including any differences between the existing and the proposed requirements of this Contract, and the comparative advantages of each to the Contractor and BC Hydro; (d) indicate whether a payment by BC Hydro in respect of Direct Costs or a variation to the Contract Price is proposed (positive or negative) and, if so, give a detailed estimate of such proposed payment or variation; (e) indicate if there are any dates by which a decision by BC Hydro must be made; and (f) include such other information and documentation as may be reasonably requested by BC Hydro to fully evaluate and consider the Value Engineering Proposal.
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Related to Content of Value Engineering Proposal

  • Technical Proposal The technical proposal may be presented in free format. It shall not exceed ten pages, not counting the CVs. It shall respect the following page limit and structure: • Technical methodology (max. 7 pages) • Quality management (max. 1 page) • Project management (max. 1 page) • Resource management (proposal (max. 1 page) + CVs of experts)

  • Value Engineering The Supplier may prepare, at its own cost, a value engineering proposal at any time during the performance of the contract. The value engineering proposal shall, at a minimum, include the following; a) the proposed change(s), and a description of the difference to the existing contract requirements; b) a full cost/benefit analysis of the proposed change(s) including a description and estimate of costs (including life cycle costs) the Procuring Entity may incur in implementing the value engineering proposal; and c) a description of any effect(s) of the change on performance/functionality.

  • Cost Proposal After the Approved Working Drawings are approved by Landlord and Tenant, Landlord shall provide Tenant with a cost proposal in accordance with the Approved Working Drawings, which cost proposal shall include, as nearly as possible, the cost of all TI Allowance Items to be incurred by Tenant in connection with the construction of the Tenant Improvements (the "Cost Proposal"). Landlord does not guaranty the accuracy of the Cost Proposal. Notwithstanding the foregoing, portions of the cost of the Tenant Improvements may be delivered to Tenant as such portions of the Tenant Improvements are priced by Contractor (on an individual item-by-item or trade-by-trade basis), even before the Approved Working Drawings are completed (the "Partial Cost Proposal"). Tenant shall either (i) approve and deliver the Cost Proposal to Landlord within five (5) business days of the receipt of the same (or, as to a Partial Cost Proposal, within two (2) business days of receipt of the same), or (ii) notify Landlord within five (5) business days after Tenant's receipt of the Cost Proposal (or Partial Cost Proposal, as the case may be) that Tenant desires to revise the Approved Working Drawings to reduce the amount of the Cost Proposal (or Partial Cost Proposal, as the case may be), in which case such changes shall be made to the Approved Working Drawings only in accordance with Section 2.7 above and the revised Working Drawings shall be provided to the Contractor for repricing whereupon Landlord shall revise the Cost Proposal (or Partial Cost Proposal, as the case may be) for Tenant's approval. This procedure shall be repeated until the Cost Proposal (or Partial Cost Proposal, as the case may be) is approved by Tenant. The date by which Tenant has approved the Cost Proposal, or the last Partial Cost Proposal, as the case may be, shall be known hereafter as the "Cost Proposal Delivery Date." The total of all Partial Cost Proposals, if any, shall be known as the Cost Proposal.

  • Acquisition Proposal “Acquisition Proposal” shall mean any offer or proposal (other than an offer or proposal made or submitted by Parent) contemplating or otherwise relating to any Acquisition Transaction.

  • Reverse Engineering The Customer must not reverse assemble or reverse compile or directly or indirectly allow or cause a third party to reverse assemble or reverse compile the whole or any part of the software or any products supplied as a part of the Licensed System.