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Section 1848.103: Processing value engineering change proposals.
(a) Upon receipt of a VECP, the contracting officer shall promptly forward it to the technical officer responsible for the contract with the following information:
(i) Date of VECP receipt;
(ii) Date for notifying the contractor of VECP acceptance or rejection;
(iii) Notification of the potential for awarding concurrent, future, or collateral savings to the contractor if the VECP is accepted;
(iv) Request for a technical evaluation, with complete rationale for recommended acceptance or rejection, to include if acceptance is recommended:
(A) An estimate of the type of savings, Government costs, etc., that can be expected from its acceptance;
(B) A procurement request setting forth the specification changes to be used in any contract modification accepting the VECP in whole or in part; and
(C) Additional funds if acceptance of the VECP results in negative instant contract savings.
(v) Technical evaluation due date.
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