Federal Acquisition Regulation; No-Cost Value Engineering Change Proposals
other · US Department of Defense · Rule · Published 1998-06-22 · Effective 1998-06-22 · 63 FR 34078
Document
Document number
98-16121
Federal Register citation
63 FR 34078
CFR reference
48 CFR 48
Type
Rule
Action
Interim rule with request for comments.
Category
other
Sub-agency
US Department of Defense
Publication date
1998-06-22
Effective date
1998-06-22
DOD docket
FAC 97-05
Abstract
The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council have agreed on an interim rule amending the Federal Acquisition Regulation (FAR) to clarify that no-cost value engineering change proposals (VECPs) may be used when, in the contracting officer's judgment, reliance on other VECP approaches likely would not be more cost-effective, and the no-cost settlement would provide adequate consideration to the Government. This regulatory action was not subject to Office of Management and Budget review under Executive Order 12866, dated September 30, 1993, and is not a major rule under 5 U.S.C. 804.