OMB Circular A131 Value Engineering  


This Circular provides guidance to support the sustained use of value engineering (VE) by Federal Departments and Agencies to reduce program and acquisition costs,
improve performance, enhance quality, and foster the use of innovation. Agencies should maintain policies and procedures to ensure VE is considered and integrated, as appropriate, into the planning and development of agency programs, projects, activities, as well as contracts for supplies and services, including performance based, architect - engineering, and construction contracts.