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Value Engineering <br />For the purposes of the Golden Shores Streetlighting project Value Engineering (VE) will be <br />considered based on the following: <br />Any element of the project, be it material specifications, means or methods of executing the <br />Work, acceleration of the installation time, or in any other way create deductive value which <br />differ from the specifications and construction drawings will be considered as VE. <br />The respective bidder is encouraged to submit their ideas or proposed suggestions in writing <br />with the proposed deductive value of same. <br />VE savings will be identified as a collective line item on the bid form, in the space provided. In <br />the event there are multiple items included only one combined cost figure is to be submitted <br />on the bid form. Each item will be reviewed and accepted or rejected separately from other <br />potential suggestions proposed by bidder. <br />The lowest responsible bidders' VE will be considered on merit and may be included in the final <br />contract amount at the sole discretion of the City. <br />The City is not required to accept any or all of the VE proposed, the decision on accepting or <br />rejecting of any proposed suggestion will be final. <br />All VE suggestions are to included in separate sealed envelope properly identified as "VALUE <br />ENGINEERING" and included in the bid submittal package. <br />