Minnesota § 174.16 - CONTRACT TO INCLUDE VALUE ANALYSIS AUTHORIZATION
Full text of Minnesota Minnesota Statutes § 174.16 — CONTRACT TO INCLUDE VALUE ANALYSIS AUTHORIZATION, with citation guidance and answers to common questions.
§ 174.16. CONTRACT TO INCLUDE VALUE ANALYSIS AUTHORIZATION
All contracts for construction projects may contain contract provisions which:
(1) authorize the contractor, with regard to specified matters governed by the contract, and any subcontractor, with regard to matters governed by the subcontracting agreement with the contractor, to submit value engineering proposals as provided in sections 174.15 to 174.17;
(2) specify such procedural and substantive requirements for the preparation, development and documentation for value engineering proposals as may be required for the particular construction project;
(3) require that copies of all value engineering proposals and all supporting documents be submitted to the commissioner of transportation; and
(4) provide that if a value engineering proposal is adopted for the construction project contract as provided in section 174.17, a supplemental agreement shall reduce contract payments to the contractor or subcontractor that submitted the value engineering proposal, by an amount equal to one-half of the amount of direct and immediate net savings under the contract resulting from the adoption of the value engineering proposal.
History:
Official Publication of the State of Minnesota
Revisor of Statutes
Frequently Asked Questions About Minnesota § 174.16
What does Minnesota Statutes § 174.16 cover?
Section 174.16 ("CONTRACT TO INCLUDE VALUE ANALYSIS AUTHORIZATION") is part of the Minnesota Statutes, the codified statutory law of Minnesota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Minnesota § 174.16?
A common citation format is "Minnesota Statutes § 174.16" (Minnesota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Minnesota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Minnesota official source linked on this page or consult a licensed Minnesota attorney.
How does Minnesota § 174.16 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Minnesota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Minnesota.