Federal Acquisition Regulation; No-Cost Value Engineering Change Proposals
other · US Department of Defense · Rule · Published 1998-12-18 · Effective 1998-12-18 · 63 FR 70290
Document
Document number
98-33520
Federal Register citation
63 FR 70290
CFR reference
48 CFR 48
Type
Rule
Action
Interim rule adopted as final without change.
Category
other
Sub-agency
US Department of Defense
Publication date
1998-12-18
Effective date
1998-12-18
DOD docket
FAC 97-10
Abstract
The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council have agreed to convert the interim rule published as Item X of Federal Acquisition Circular 97-05 at 63 FR 34078, June 22, 1998, to a final rule without change. The rule amends 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.