Haw. Code R. § 3-56-4 - VE sharing method

Current through February, 2022

The method by which the contractor will share a portion of the cost savings from an accepted VRCP shall be in accordance with the VEIC (53-56-2 ) 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.


Haw. Code R. § 3-56-4
[Eff. MAR 30 1981] (Auth: HRS § 103-49) (Imp: HRS § 103-49)

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