The New OMB Circular A-131: Revitalizing Value Engineering and Expanding Opportunities for Its Use

August, 2014
IDA document: D-5252
FFRDC: Systems and Analyses Center
Type: Documents
Division: Strategy, Forces and Resources Division
Vickers, James R.; Mandelbaum, Jay; Hermes, Anthony C. See more authors
When the Office of Federal Procurement Policy (OFPP) released the new Office of Management and Budget (OMB) Circular A-131, entitled "Value Engineering" in January, 2014, it not only reenergized the 50 plus year old Value Engineering (VE) program, but also clarified VE's role in the current acquisition environment and offered opportunities to expand its use. The new OMB circular A-131 offers both the contractors and the government a new opportunity to use VE and its related disciplines to save money and to change the acquisition process to allow for even greater savings.