Steps for Evaluating a VECP

Final Decisions

CO Accepts, Rejects for cause, or Contractor Withdrew VECP

This is the moment of truth. Here the CO needs to identify the final status. Completion of this step in all but a postpone status also stops the 45-day requirement clock and any clock started by the contractor related to when they needed notification.

CO Accepts

Little additional information is required. However, we recommend a statement.

CO Rejects

If you do not make a statement here, you may wish you did. A short reason and thought is recommended. Plus, do not forget to check one of the reject boxes.

Contractor Withdraws

Yes it still must be reported. If a contractor realizes that the concept was not what they thought, they can withdraw it. However, it gets reported as such.

Here is an example of the final evaluation step.

The final evaluation step does not end the responsibilities related to the VECP. The CO and various reporting managers are still required to report to the relevant Value Engineering Program Coordinator/Manager/Officer so that they can report to higher authority. Please do not fail in this. We give you the tools in our reporting section and we make it so easy. Unfortunately, many organizations get a bad audit just over the issues that no one knows how to report or that they should. We help make it easy. If you get audited, just print a report and give it too them. easy.