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VECP shall take into account the Contractor's allowable development and implementation costs. 4. A description and estimate of costs the Owner may incur in implementing the VECP, such as test and evaluation and operating and support costs. 5. A prediction of any effects the proposed change would have on collateral costs to the agency. 6. A statement of the time by which a contract modification accepting the VECP must be issued in order to achieve the maximum cost reduction, noting any effect on the contract completion time or delivery schedule. 7. Identification of any previous submissions of the VECP, including the dates submitted, the agencies and contract numbers involved, and previous Owner actions, if known. 4. Submission. The Contractor shall submit VECP's to the project manager's representative at the worksite, with a copy to the Owner. 3~~~'/ r ~f ~'` ~ .~ ~~ ~~ ~~~ ~ v ~~ ~ ~~ ~~ ~/ ~ p~ J ~ ` ~ ~ ~~ Cc-~tT~ko.c.~'o ~R. ~vs'C~ Br AF~I_E T~ S~ T`C~S E Owner action. --~ i,aaE F~r.~s F~- ~D~~~~ PRe~oSvtt£ 1. The Owner shall notify the Contractor of the sta s of the VECP withi 45 ~-5 dw.+s -s calendar days after the contracting office receives ' If additional time is required, ~'`lt ``°`~S`~ '`~'~''~ the Owner shall notify the Contractor within th 5- ay period and provide the 'r° ~''~" reason for the delay and the expected date of the decision. The Owner will ~ process VECP's expeditiously; however, it shall not be liable for any delay in acting upon a VECP. 2. If the VECP is not accepted, the Owner sha11 notify the Contractor in writing, explaining the reasons for rejection. The Contractor may withdraw any VECP, in whole or in part, at any time before it is accepted by the Owner. The Owner may r~quire that the Contractor provide written notification before undertaking significant expenditures for VECP effort. 3. Any VECP may be accepted, in whole or in part, by the Owner's award of a modification to this contract citing this clause. The Owner may accept the VECP, even though an agreement on price reduction has not been reached, by issuing the Contractor a notice to proceed with the change. Until a notice to proceed is issued or a contract modification applies a VECP to this contract, the Contractor shall perform in accordance with the existing contract. The Owner's decision to accept or reject all or part of any VECP shall be final and not subject to the Disputes clause or otherwise subject to litigation or claims under this Contract or applicable law, including without limitation under the Contract Disputes Act of 1978 (41 U.S.C. 601-613).