Value Engineering
Requirements; FAR Sections Affected: 52.248-1; 52.248-2; and
52.248-3
Extension without change of a currently approved collection
No
Regular
04/27/2022
Requested
Previously Approved
36 Months From Approved
04/30/2022
218
1,588
3,270
23,820
130,800
881,340
This clearance covers the information
that contractors must submit to comply with the following Federal
Acquisition Regulation (FAR) requirements: FAR 52.248-1, Value
Engineering; 52.248-2, Value Engineering-Architect-Engineer; and
52.248-3, Value Engineering-Construction. These clauses require
contractors submitting Value Engineering Change Proposals (VECP’s)
to the Government to provide such details as: (1) a description of
the differences between the existing contract requirement and the
proposed requirement, and the comparative advantages and
disadvantages of each; (2) a list and analysis of contract
requirements that must be changed if the VECP is accepted; (3) a
detailed cost estimate showing anticipated reductions associated
with the VECP; (4) a statement of the time a modification accepting
the VECP must be issued to achieve maximum cost reduction, and the
effect on contract completion time; and (5) identification of any
previous submissions of the VECP; the agencies and contract numbers
involved and previous Government actions, if known.
For this extension, the burden
has been adjusted by using the most currently available data from
FPDS. The estimated cost to the public and to the Government was
updated based on use of calendar year 2022 OPM GS wage rates for
the rest of the United States. It is important to note that the
previous extension had an error in the estimated burden
calculation. Although it was correctly stated that the number of
respondents was estimated to be 1 percent of the number of unique
vendors, 10 percent was used instead.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.