48 Federal Acquisition Regulations System 7 1999-10-01 1999-10-01 false VALUE ENGINEERING 2948 PART 2948 Federal Acquisition Regulations System CONTRACT MANAGEMENT Pt. 2948 PART 2948—VALUE ENGINEERING Authority:

5 U.S.C. 301; 40 U.S.C. 486(c).

 Subpart 2948.1—Policies and Procedures
2948.102 Policies.

(a) The Head of the Contracting Activity is authorized to make the determination to extend the sharing base of a value engineering change proposal (VECP) as prescribed in FAR 48.102(e).

(b) The Head of the Contracting activity is authorized to extend the sharing base of a VECP to include the entire contracting activity or any part of it (see FAR 48.102(e)).

(c) When the sharing base is extended under paragraph (a) or (b) of this section, the contracting officer shall specify the base in the contract schedule as required in FAR 48.104-1(a).

[50 FR 8939, Mar. 5, 1985]