Value Engineering Tasks Clause Samples

The Value Engineering Tasks clause outlines the requirements and procedures for identifying and implementing cost-saving or efficiency-improving modifications to a project without compromising quality or performance. Typically, this clause specifies that the contractor or consultant must review project plans and suggest alternative materials, methods, or designs that could reduce costs or enhance value. For example, it may require periodic submissions of value engineering proposals for review and approval by the client. The core function of this clause is to encourage innovation and cost-effectiveness, ensuring that the project delivers maximum value for money while maintaining the desired standards.
Value Engineering Tasks. If the Estimate of Cost of the Work at this phase exceeds the Construction Budget for the Project, the Architect shall recommend to Owner items of possible cost reduction to the scope of the Project or substitution of alternative materials, systems or procedures to bring the Schematic Design within Construction Budget. The Owner may choose to adopt a modification of the Construction Budget at this time, but this shall be done in writing. After Owner’s written approval of these cost reductions, they will be incorporated into the design development phase.
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Related to Value Engineering Tasks

  • 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.

  • 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.

  • Geotechnical Engineer « »« » « » « » « » « »

  • Supplier Development lf the Buyer identifies problems in supplier performance based on supplier monitoring, he shall initiate improvement measures at the Supplier. The Buyer shall pursue the possibilities of continuous improvement of the Supplier. The supplier audit is a form of supplier development; the exchange of information and experience between the Buyer and the Supplier also serves this purpose.

  • Design Development Documents See Section 2, Part 1, Article 2.1.5.