H.R.2014 - Value Engineering Better Transportation Act of 1993103rd Congress (1993-1994)
Summary: H.R.2014 — 103rd Congress (1993-1994)
Introduced in House (05/06/1993)
Value Engineering Better Transportation Act of 1993 - Amends Federal transportation law and the Federal Transit Act to increase by five percent increments (up to 100 percent) the Federal share for transportation projects costing over $2 million for which "value engineering" results in certain minimum project cost savings. Prohibits the use of Federal funds for "value engineering" training.
Defines "value engineering" as the process of review and analysis of a project during its design phase by a multidisciplined team of persons not originally involved in the project in order to provide suggestions for reducing total project costs and providing better quality.