Sec. 8. Value engineering and risk assessment
215 words·~1 min read·
/bill/116/hr/193/ih/section-8A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Congress makes the following findings: Federal departments and agencies are required to use value engineering
(VE)as a management tool, where appropriate, to reduce program and acquisition costs pursuant to OMB Circular A–131, Value Engineering, dated December 31, 2013. OBO has a Policy Directive and Standard Operation Procedure, dated May 24, 2017, on conducting risk management studies on all international construction projects. The proposed allocation of capital construction and maintenance funds that is required by the Committees on Appropriations of the House of Representatives and the Senate not later than 45 days after the date of the enactment of an Act making appropriations for the Department of State, foreign operations, and related programs shall also be submitted to the appropriate congressional committees. The notifications required under paragraph
(1)shall include confirmation that the Department of State has completed the requisite VE and risk management studies described in subsection (a). The Secretary of State shall provide to the appropriate congressional committees upon request— a description of each recommendation from each study described in subsection
(a)and a table detailing which recommendations were accepted and which were rejected; and a report or briefing detailing the rationale for not implementing recommendations made by VE studies that may yield significant cost savings to the Department of State, if implemented.