[Code of Federal Regulations]
[Title 23, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 23CFR627.3]

[Page 143]
 
                           TITLE 23--HIGHWAYS
 
 CHAPTER I--FEDERAL HIGHWAY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION
 
PART 627--VALUE ENGINEERING--Table of Contents
 
Sec. 627.3  Definitions.

    Project. A portion of a highway that a State proposes to construct, 
reconstruct, or improve as described in the preliminary design report or 
applicable environmental document. A project may consist of several 
contracts or phases over several years.
    Value engineering. The systematic application of recognized 
techniques by a multi-disciplined team to identify the function of a 
product or service, establish a worth for that function, generate 
alternatives through the use of creative thinking, and provide the 
needed functions to accomplish the original purpose of the project, 
reliably, and at the lowest life-cycle cost without sacrificing safety, 
necessary quality, and environmental attributes of the project.