[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR48]

[Page 903]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 48_VALUE ENGINEERING--Table of Contents
 
                  Subpart 48.1_Policies and Procedures
 
Sec.  48.105  Relationship to other incentives.

    Contractors should be offered the fullest possible range of 
motivation, yet the benefits of an accepted VECP should not be rewarded 
both as value engineering shares and under performance, design-to-cost, 
or similar incentives of the contract. To that end, when performance, 
design-to-cost, or similar targets are set and incentivized, the targets 
of such incentives affected by the VECP are not to be adjusted because 
of the acceptance of the VECP. Only those benefits of an accepted VECP 
not rewardable under other incentives are rewarded under a value 
engineering clause.

[48 FR 42443, Sept. 19, 1983, as amended at 54 FR 5057, Jan. 31, 1989]