A value engineering incentive clause (VEIC) provides a method for the contractor to propose changes in contract plans and specifications that will lower total costs without degrading performance, maintainability or reliability.
WHY USE A VEIC?
A VEIC represents a low-cost opportunity to use the creative talents of contractors. It is an effective management resource because it recognizes that contractors are in direct contact with day-to-day construction problems and can frequently offer ideas to help solve these problems.
CONTENT OF A TYPICAL VEIC
Although VEICs can vary to meet particular conditions, they should always contain a clear description of what the clause is and how it is to be applied. The section on acceptance and implementation should communicate to the contractor the actions the engineer will take.