Haw. Code R. § 3-56-1 - Definitions

Current through February, 2022

As used in this subchapter, unless the context clearly indicates otherwise

"Contracting Officer" means the officer who, on behalf of the State, awarded the instant contract and the officer's duly authorized successor.

"Government" means U.S. government or State of Hawaii

"Instant contract" means the single public works contract on which the cost savings is based.

"State" means State of Hawaii.

"Value engineering" means an organized effort directed at analyzing the function of construction, systems, equipment, and supplies for the purpose of achieving the required function at the lowest overall cost consistent with the requirements for performance, reliability, maintainability, and desired appearance.

"Value Engineering Change Proposal (VECP)" means a coat reduction proposal based on value engineering submitted by the contractor pursuant to a value engineering incentive clause and particularly identified as such.

"Value Engineering Incentive Clause (VBIC)" means a provision in a public works contract that allows the contractor to share in coat savings that ensue from cost radiation proposals submitted by the contractor.

Notes

Haw. Code R. § 3-56-1
[Eff. MAR 30 1981] (Auth: HRS § 103-49) (Imp: HRS § 103-49)

The following state regulations pages link to this page.



State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.