2006 Code of Virginia § 2.2-1133 - Use of value engineering

2.2-1133. Use of value engineering.

A. The Division shall ensure that value engineering is employed for anycapital project costing more than five million dollars. Value engineering mayalso be used for any project costing five million dollars or less. Forpurposes of this section, "value engineering" means a systematic process ofreview and analysis of a capital project by a team of persons not originallyinvolved in the project. Such team, which shall include appropriateprofessionals licensed in accordance with Chapter 4 ( 54.1-400 et seq.) ofTitle 54.1, may offer suggestions that would improve project quality andreduce total project cost by combining or eliminating inefficient orexpensive parts or steps in the original proposal or by totally redesigningthe project using different technologies, materials, or methods.

B. The Director of the Department may waive the requirements of this sectionfor any proposed capital project for compelling reasons. Any waiver shall bein writing, state the reasons for the waiver, and apply only to a singlecapital project. On or before September 15 of each year, the Director of theDepartment shall report to the Governor and the General Assembly on the (i)number and value of the capital projects where value engineering was employedand (ii) identity of the capital projects for which a waiver of therequirements of this section was granted, including a statement of thecompelling reasons for granting the waiver. The report shall cover projectscompleted or for which a waiver was granted within the previous fiscal year.

C. Notwithstanding any law to the contrary, the provisions of this sectionshall apply to public institutions of higher education in Virginia.

(1994, cc. 442, 829, 2.1-483.1:1; 1996, c. 553; 1997, c. 230; 1998, c. 207;2001, c. 844.)