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Recovery Of Full Vecp Development Costs Denied Changes-directed

Saturday, August 02, 2003 03:19 pm

 
Recovery Of Full Vecp Development Costs Denied Changes-directed

The Armed Services Board of Contract Appeals has ruled that a contractor may not recover its full Value Engineering Change Proposal (VECP) development costs if full recovery would exceed the contract cost savings realized by the government.

The Army Corps of Engineers awarded a contract to Rig Masters [...]

 
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