
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 41USC432]

 
                       TITLE 41--PUBLIC CONTRACTS
 
             CHAPTER 7--OFFICE OF FEDERAL PROCUREMENT POLICY
 
Sec. 432. Value engineering


(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.

(Pub. L. 93-400, Sec. 36, as added Pub. L. 104-106, div. D, title XLIII, 
Sec. 4306(a), Feb. 10, 1996, 110 Stat. 665.)


                             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.
