Haw. Code R. § 3-132-1
As used in these rules:
"Net savings" means those savings in project costs realized by the State as the result of a value engineering change proposal after deducting the contractor's share of the cost savings.
"Single contract" means the single construction for which the cost savings is proposed.
"Value engineering" means an analysis of the requirements for the systems, equipment, and supplies of the single contract for the purpose of achieving a net savings by providing less costly items than those specified without impairing any essential functions and characteristics as service life, reliability, substitutability, economy of operations, ease of maintenance, and necessary standing functions.
"Value engineering change proposal" means a cost reduction proposal based on value engineering submitted by the contractor pursuant to this chapter and particularly identified as such.
Haw. Code R. § 3-132-1