Write the full statement that defines the philosophy of VALUE in Value Engineering. Include the full statements I gave you, please TT T Arial 3 (12pt) TT 12's III Write an example of a value equation What are the advantages to the owner, if his/her A/E value engineers every bit of design done in his/her offices? What other recourse does the owner have to optimize costs and what could be the consequences to the A/E if he/she refuses to value engineer his/her design?. For federal contracts, what are the differences between a Value Engineering Proposal (VEP) and a Value Engineering Change Proposal (VECP)? In your response, discuss what they entail and the profit share to both parties under the V . Discuss the importance of Quality Assurance and Quality Control in Projects and explain the difference between QA and QC Explain how QC is enforced and how QA is conducted. What needs to be done and be in place for a QA manager to assure the owner that a Quality job was being done? Which Gov't Administration oversees the enforcement of QA/QC on Gov't funded transportation projects, and how does the Agency enforce it through the Grantee (receiver of the Federal funds)? What is your interpretation of a Nonconformance in design, or construction? What should the QA/QC Manager do if he/she encounters a nonconformance on a project? What would be the Contractor or Designer's obligation once notified that there is a nonconformance in his/her product in development? What procedures should take place prior to closing out a project? What activities must be carried out, and by whom, before the declaration of substantial completion could be made, and final completion determined? In your response, discuss your understanding of the terms Substantial Completion and Final Completion, and what they represent. What should the owner's considerations be before attaching a sum in the contract for liquidated damages? Could this be any number? What approach should the owner use to apply a dollar value for liquidated damages? Do you know of any formulas that are used by state agencies that you can apply to liquidated damages? State your formula(s) and state if they make meaningful sense and would make an owner's assigned liquidated damages be defensible in cour For federal contracts, what are the differences between a Value Engineering Proposal (VEP) and a Value Engineering Change Proposal (VECP)? In your response, discuss what they entail and the profit share to both parties under the V