Allegations of Insufficient Reimbursement Under the Value Engineering Program
PLRD-82-57
Published: Mar 19, 1982. Publicly Released: Mar 29, 1982.
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Highlights
GAO was asked if a firm which had developed a modification kit that increased the life of certain Navy equipment was entitled to a monetary award under the Value Engineering Program. The program was developed to encourage contractors to propose cost-saving changes to contracts. Contractors are awarded a share of the savings that result from their change proposals. An award can only be made under an existing written contract containing a value engineering clause.
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