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Contractual Aspects of Value Engineering (CAVE)
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11/6/2018 to 11/8/2018
Where: LogiCore Corporation
345 Voyager Way
Huntsville, Alabama  35806
United States
Contact: Toni Hamilton-Datcher & Sharon Aldijaili

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Provide extensive interpretation of the FAR VE clauses 48 and 52.248-1, which provides guidance to government and contractor personnel, respectively, for submitting and processing a Value Engineering Change Proposal. Specifically, provide material to assist in understanding the basics, submittal process and actual incorporation of VECPs onto a contract. Provide an overview for understanding VECPs and afterwards guide students through several practical examples in order to acquire knowledge for calculating VECP costs/savings and for applying a modification to the contract. Provide additional handouts and templates for additional background information that will be useful for submitting VECPs and for incorporating a VECP onto a contract.