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  • December

    The value of Value Engineering in USACE projects

    The Office of Federal Procurement Policy Act (41 U.S.C. 1121, 1711), requires each executive agency to establish and maintain cost-effective VE procedures and processes. The Office of Management and Budget (OMB) Circular A-131 requires Federal agencies to apply VE procedures to all new projects and programs with estimated costs of at least $5 million or such lower dollar threshold as determined by the Senior Accountable Official and identified in the agency's VE guidelines. For USACE, any project of $2 million or above must go through the VE process.