{"data":{"id":"us/48-cfr-2448.103","jurisdiction":"us","citation":"48 CFR 2448.103","heading":"2448.103 Processing value engineering change proposals.","body":"Upon receipt of a Value Engineering Change Proposal (VECP), the Contracting Officer shall promptly forward it to the program office responsible for the contract, indicating:\n(a) The date the VECP was received;\n(b) The date by which the contractor must be informed of the government's acceptance or rejection of the VECP, unless additional time is required for evaluation;\n(c) The date by which the Contracting Officer must know of the technical officer's decision in order to timely accept or reject the VECP;\n(d) The need for information required to inform the contractor if the VECP is to be rejected or if additional time is needed to evaluate the VECP;\n(e) The potential for awarding concurrent, future, or collateral savings to the contractor, if the VECP is accepted;\n(f) That if the VECP is accepted, precise information will be needed with regard to the type of savings, and government costs, that can be expected from its acceptance;\n(g) The need for a procurement request setting forth the specification changes to be used in a contract modification accepting the VECP in whole or in part; and\n(h) The need for additional funds, if acceptance of the VECP will result in an increase in the cost of contract performance.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 24—DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT","SUBCHAPTER G—CONTRACT MANAGEMENT","PART 2448—VALUE ENGINEERING"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"d57e485c1549550c26a972da4816a51ae266791c5c46dbb58d9a915284913e56","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-2448.102","next":"us/48-cfr-2448.104-3"},"notice":"GroundRules: Original legal text. Not legal advice."}