§ 432. — Value engineering.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 41USC432]
TITLE 41--PUBLIC CONTRACTS
CHAPTER 7--OFFICE OF FEDERAL PROCUREMENT POLICY
Sec. 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, Sec. 36, as added Pub. L. 104-106, div. D, title XLIII,
Sec. 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.
