Late last week a Federal Register notice released June 8, showed that the Office of Federal Procurement Policy has proposed several revisions to its value engineering model, a World War II-era approach to saving money when resources are tight. This can be a good, or a bad thing. The idea of VE is to make agencies and contractors work under the lowest life-cycle cost. Yes, agencies are using VE now, so the big question is, will updating Circular A-131 to reflect present-day buying strategies and practices, be harder on the agencies or the federal contractor?
Federal Computer week listed the major points that the OFPP wants changed or updated: