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contract savings realized from accepted VECP's submitted on or after May 11, 1999, in accordance with paragraph 6 below. 2. Definitions. 1. Contractor's development and implementation costs, as used in this clause, means those costs the Contractor incurs on a VECP specifically in developing, testing, preparing, and submitting the VECP, as well as those costs the Contractor incurs to make the contractual changes required by Owner acceptance of a VECP. 2. Owner costs, as used in this clause, means those owner costs that result directly from developing and implementing the VECP, such as additional expense for architectural and engineering services, and any net increases in the cost of testing, operations, maintenance, and logistic support. The term does not include the normal administrative costs of processing the VECP. 3. Instant contract savings, as used in this clause, means the estimated reduction in Contractor cost of performance resulting from acceptance of the VECP, minus allowable Contractor's development and implementation costs. 4. Value engineering change proposal (VECP) means a proposal that: (1) Requires a change to this, the instant contract, to implement; and (2) Results in reducing the contract price or estimated cost ' ~~'(t impairing essential functions or characteristics s~uch ~ ' out limitation, utility, functionality, safety, service lif ' i inKt"ty, economy of operation, Z~~S `~b~-n Z ease of maintenance, an ry standardized reatures and appearance; ~~ ~~P~ provided, t ' oes not involve a change-- (i) In deliverable end item ~~( ~T b~cs ~DEr°+. ~r~nE ~~~ p~c,~-~ 3. VECP preparation. As a minimum, the Contractor shall include in each VECP th~~ `~t ir~formation described in subparagraphs 1 through 7 below. The VECP shall include the ~''j~'U" p'~0~~~~ following: D~ MvZ.~-l 1 ~Fo I~S '~SS~6l.~ 50 1. A description of the difference between the existing contract requirement and~E ~ N~. p~ CA-v~ rn~n that proposed, the comparative advantages and disadvantages of each, a (~~,~,~,EV Dc- justification when an item's function or characteristics are being altered, and the ~~,~. effect of the change on the end item's performance. 2. A list and analysis of the contract requirements that must be changed if the VECP is accepted, including any suggested specification revisions. 3. A separate, detailed cost estimate for (i) the affected portions of the e~cisting contract requirement and (ii) the VECP. The cost reduction associated with the