New
collection (Request for a new OMB Control Number)
No
Regular
07/17/2024
Requested
Previously Approved
36 Months From Approved
52
0
104
0
0
0
Value Engineering (VE) is defined as a
systematic process of review and analysis of a project, during the
concept and design phases, by a multidiscipline team of persons not
involved in the project, that is conducted to provide
recommendations for providing the needed functions safely,
reliably, efficiently, and at the lowest overall cost; improving
the value and quality of the project; and reducing the time to
complete the project. Applicable projects requiring a VE analysis
include Projects on the National Highway System (NHS) receiving
Federal assistance with an estimated total cost of $50,000,000 or
more; Bridge projects on the NHS receiving Federal assistance with
an estimated total cost of $40,000,000 or more; any major project,
as defined in 23 U.S.C. 106(h), located on or off the NHS, that
utilizes Federal-aid highway funding in any contract or phase; and
other projects as defined in 23 CFR 627.5. 23 U.S.C. 106(e)(4)(iv)
and 23 CFR 627.7(3) require States to monitor, evaluates and
annually submit a report that describes the results of the value
analyses that are conducted and the recommendations implemented on
applicable projects. The FHWA Annually submits a National Call for
VE Data in order to monitor and assess the VE Program and meet the
requirements of 23 U.S.C. 106(h). Information collected includes
the number and cost of studies completed each year, the total cost
of all projects studied, the number of proposed and approved
recommendations, and the value of approved recommendations. This
data is then analyzed to get an average return on investment of the
program. The annual call for data is done electronically through a
google form. After collection, the data is published on a public
facing website https://www.fhwa.dot.gov/ve/vereport.cfm.
US Code:
23
USC 106(h) Name of Law: Project Approval and Oversight, Major
Projects
US Code:
23 USC 106(e)(4)(iv) Name of Law: Project Approval and
Oversight, Requirements
US Code: 23
USC 627.7(3) Name of Law: Value Engineering
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.