Value Engineering In The Federal-Aid Highway Program, March 28, 2007: “The audit objectives were to determine whether FHWA’s oversight is adequate to ensure that: (1) value engineering studies are performed on all Federal-aid projects that have an estimated cost of $25 million or more; (2) value engineering studies are performed on all Federal-aid projects that have a high potential for cost savings; and (3) all value engineering recommendations that can be implemented are approved, permitting the greatest degree of potential savings to be achieved.”
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