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II, al En 'neerin han Pro~~ p. Ceneral. The Contractor is encouraged to develop, prepare, and submit value engineering change proposals (VECP's) voluntarily. The Contractor shall share in any instant comrad savings realized from accepted VECP's submitted on or aRer May 11, 1999, in accordance with paragraph 6 below. B. Definitions. Contractor's development and implementation costs, as used in this clause, means those costs the Contractor inaus on a VECP specifically in developing, testing, preparing, and submitting the VECP, as well as those costs the Contractor incurs to make the contractual chan8es recluued by pwner ac,ceptance of a VECP. 2 pwner costs, as used in this clause, means those owner costs that result d'uectly from developing and in-plementing 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: (a) Requires a change to ttus, the instant contract, to imPlement; and (b) Results in reducing the comrad price or estimated cost, provided that the VECP does not involve a change-{i) In deliverable end item quantities only, or (ii) To the contra<;t type on1Y• 4wner has a concein that a VECP be of equal or better Quality than the original bid specifications. In makin8 a VECP, Con~actor will represent and warrant that it has provided Owner with all material information necessary to enable Owner to evaluate the essential functions or characteristics of a VECP such as, without limitation, utility, functionality, safety, service life, reGability, economy of operation, ease of maintenance, and necessary standardized features and appearance• C, VECP preparation. As a minimum, the Contractor shall include in each VECP the information described in subparagraphs 1 through 7 below. The VECP shall include the following: 1. A description of the difference between the existing contrac,t requirement 2