Value Engineering. The Service Provider 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, if applicable) 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. The Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits that: a) accelerates the delivery period; or b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or c) improves the quality, efficiency, safety or sustainability of the services; or d) yields any other benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in: a) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified in the SCC of the reduction in the Contract Price; or b) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit described in (a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.
Appears in 35 contracts
Sources: Framework Contract for Provision of Services, Framework Contract for Provision of Media Advertising, Framework Contract for Provision of Media Advertising
Value Engineering. The Service Provider 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, if applicable) 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. The Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits that:
a) accelerates the delivery period; or
b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or
c) improves the quality, efficiency, safety or sustainability of the services; or
d) yields any other benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in:
a) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified in the SCC of the reduction in the Contract Price; or
b) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit described in in
(a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.
Appears in 22 contracts
Sources: Framework Agreement, Framework Agreement, Framework Agreement for Provision of Motor Vehicle and Motor Cycles Repair and Maintenance Services
Value Engineering. The Service Provider 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 benefit analysis of the proposed change(s) including a description and estimate of costs (including life cycle costs, if applicable) 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. The Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits benefits that:
a) accelerates the delivery period; or
b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or
c) improves the quality, efficiencyefficiency, safety or sustainability of the services; or
d) yields any other benefits benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in:
ai) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified specified in the SCC of the reduction in the Contract Price; or
bii) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit benefit described in (a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.
Appears in 4 contracts
Sources: Framework Agreement, Framework Agreement, Framework Agreement
Value Engineering. The Service Provider 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 benefit analysis of the proposed change(s) including a description and estimate of costs (including life cycle costs, if applicable) 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. The Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits benefits that:
a) accelerates the delivery period; or
b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or
c) improves the quality, efficiencyefficiency, safety or sustainability of the services; or
d) yields any other benefits benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in:
a) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified specified in the SCC of the reduction in the Contract Price; or
b) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit benefit described in (a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.
Appears in 2 contracts
Sources: Framework Agreement for Provision of Conference and Hotel Accommodation Services, Framework Agreement for Provision of Air Ticketing Services
Value Engineering. The Service Provider 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, if applicable) 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. The aThe Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits that:
a) accelerates the delivery period; or
b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or
c) improves the quality, efficiency, safety or sustainability of the services; or
d) yields any other benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in:
a) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified in the SCC of the reduction in the Contract Price; or
b) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit described in (a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.
Appears in 1 contract
Value Engineering. The Service Provider 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, if applicable) 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. The Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits that:
a) accelerates the delivery period; or
b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or
c) improves the quality, efficiency, safety or sustainability of the services; or
d) yields any other benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in:
a) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified in the SCC of the reduction in the Contract Price; or
b) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit described in (a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.described
Appears in 1 contract
Sources: Framework Contract for Provision of Chartered Helicopter Services
Value Engineering. The Service Provider 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, if applicable) 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. The Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits that:
a) accelerates the delivery period; or
b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or
c) improves the quality, efficiency, safety or sustainability of the services; or
d) yields any other benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in:
a) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified in the SCC of the reduction in the Contract Price; or
b) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit described in (a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.
Appears in 1 contract
Sources: Framework Contract for Provision of Air Ticketing Services
Value Engineering. The Service Provider 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, if applicable) 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. The Procuring Entity may accept the value engineering proposal if the proposal demonstrates benefits that:
a) accelerates the delivery period; or
b) reduces the Contract Price or the lifecycle costs to the Procuring Entity; or
c) improves the quality, efficiency, safety or sustainability of the services; or
d) yields any other benefits to the Procuring Entity, without compromising the necessary functions of the Facilities. If the value engineering proposal is approved by the Procuring Entity and results in:
a) a reduction of the Contract Price; the amount to be paid to the Service Provider shall be the percentage specified in the SCC of the reduction in the Contract Price; orthe
b) an increase in the Contract Price; but results in a reduction in lifecycle costs due to any benefit described in (a) to(d)above, the amount to be paid to the Service Provider shall be the full increase in the Contract Price.
Appears in 1 contract