Value Engineering VE) and Value Analysis VA) Refer to the Same

question 3

True/False

Value engineering VE) and value analysis VA) refer to the same process, but VE is applied to the design stage, and VA is applied to redesign.

---

Definitions:

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to the order of a specific person or to the bearer.

Trade Practice

Trade practice involves the customary ways in which trade is conducted within a particular industry, including standards of conduct, competition, and fair dealing.

Claim in Recoupment

A legal claim made in defense to a counterclaim, aiming to offset or reduce the amount of damages sought by the original claimant.

Personal Defense

Legal arguments or claims that an individual can use to avoid enforcement of a contract or demand based on issues personal to him or her.