Systematic Application of Value Engineering Act of 1995

Summary

Systematic Application of Value Engineering Act of 1995 - Requires Federal agencies to apply value engineering, at a minimum, to identify and implement opportunities to reduce capital and operation costs and improve and maintain optimum quality of construction, administrative, program, acquisition, and grant projects. Requires Inspector General audits of reported agency savings attributable to such value engineering. Earmarks half of any such savings for Federal debt reduction, with the other half going back to the program, project, system, or development for use in the next fiscal year.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 January 1995

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• Introduced in House (PDF)

  Introduced in House · EN · 27 January 1995

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• Introduced in House

  summary · EN · 27 January 1995

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