HAR §3-56-4. VE sharing method

The method by which the contractor will share a portion of the cost savings from an accepted VECP shall be in accordance with the VEIC (§3-56-2) and the following requirements: (1) Contractor's share in cost savings shall be for the instant contract only, and no consideration shall be made for future acquisition, royalty type payment, or collateral savings; (2) The "total estimated decrease" as used in the VEIC (§3-56-2) shall be determined by deducting the contractor's implementation cost from the gross savings resulting from the change of contract requirements; (3) The State's cost for implementing the VECP shall be the cost incurred by the State to transform the VECP into a contract change order. Included will be additional design charges of the State's staff and consultant as may be required. [Eff. MAR 30 1981] (Auth: HRS §103-49) (Imp: HRS §103-49)