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VEP
(redirected from Value Engineering Proposal)

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AcronymDefinition
VEPVertical Error Probable
VEPValue Engineering Plan
VEPVestibule Electro-Pneumatic (Southern Railway; UK)
VEPVitrage Extérieur Pareclosé (French: Exerior Glass Bead; building construction)
VEPVideo Entrance Panel
VEPVideo Expansion Port
VEPVisually Evoked Potential
VEPVoter Education Project
VEPVara de Execuções Penais (Portuguese: Criminal Executions Court)
VEPVisual Evoked Potential
VEPVenus Entry Probe (European Space Agency)
VEPVeterans Education Project (Amherst, MA)
VEPVirginia Electric Power
VEPValue Engineering Proposal


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This value engineering proposal simply allows us to take advantage of the substantial cost savings obtained by the multi-year contract that Company Z had negotiated.
In the states that use change orders to adjust quantities or payments for traffic control devices, change orders are typically issued when the change is [+ or -]25 percent of the contract amount, when a value engineering proposal (requiring a multidisciplinary, systematic analytical approach) is used, when an item has been omitted, or when the project time has been extended.
Then Rob Smith, president of North Branch, put his engineering skills to work and developed a value engineering proposal, which then was presented to the owner, which also was up against the clock.
 
 
 
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