41 U.S.C. § 432
Section 432 · Value engineering
Amended 1 time on record
(a) In general
Each executive agency shall establish and maintain cost-effective value engineering procedures and processes.
(b) “Value engineering” defined
As used in this section, the term “value engineering” means an analysis of the functions of a program, project, system, product, item of equipment, building, facility, service, or supply of an executive agency, performed by qualified agency or contractor personnel, directed at improving performance, reliability, quality, safety, and life cycle costs.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Effective Date
For effective date and applicability of section, see section 4401 of Pub. L. 104–106, set out as an Effective Date of 1996 Amendment note under section 251 of this title.