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Hawaii Revised Statutes Division 1. Government § 103D-411

Current as of January 01, 2025 | Updated by Findlaw Staff

The State shall insert clauses providing for value engineering incentives in all public works contracts for amounts in excess of $250,000. The clauses shall provide:

(1) That cost reduction proposals submitted by contractors:

(A) Must require, in order to be applied to the contract, a change order thereto; and

(B) Must result in savings to the State or county, as the case may be, by providing less costly items than those specified in the contract without impairing any of their essential functions and characteristics such as service life, reliability, substitutability, economy of operation, ease of maintenance, and necessary standardized features; and

(2) That accepted cost reduction proposals shall result in an equitable adjustment of the contract price so that the contractor will share a portion of the realized cost reduction.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 1. Government § 103D-411 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-1-government/hi-rev-st-sect-103d-411/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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