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Assets FAQs

(Corresponding Policy Volume)

1.  Can you tell me where to find policy on what constitutes construction?


The definition of construction is stated in Volume V Chapter 9 General Property, Plant and Equipment.

Construction, Minor Projects.  A construction, alteration, extension or improvement of any VA facility, including planning and assessments of needs which may lead to capital investments, architectural and engineering services, maintenance or guarantee period services costs associated with equipment guarantees provided under the project, services of claims analysts, offsite utility and storm drainage system construction costs and site acquisition or for any of the purposes where the estimated cost of the project is $10,000,000 or less.

Construction, Major Projects.  A construction, alteration, extension or improvement of any VA facility, including planning, architectural and engineering services, construction management services, maintenance or guarantee period services costs associated with equipment guarantees provided under the project, services of claims analysts, offsite utility and storm drainage system construction costs and site acquisition, where the estimated cost of the project is greater than $10,000,000 or where funds for a project were made available in a previous appropriation.