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Sample Supplemental Agreement for Value Engineering

This supplemental agreement document outlines changes to a construction contract due to a value engineering proposal submitted by the contractor. The contractor will perform fill work as directed by the engineer. Payment will be made at negotiated unit prices shown in the Estimate of Cost. A value engineering incentive will also be paid in the amount of 50% of calculated savings. The contractor will not make any additional claims regarding costs for the work.

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179 views1 page

Sample Supplemental Agreement for Value Engineering

This supplemental agreement document outlines changes to a construction contract due to a value engineering proposal submitted by the contractor. The contractor will perform fill work as directed by the engineer. Payment will be made at negotiated unit prices shown in the Estimate of Cost. A value engineering incentive will also be paid in the amount of 50% of calculated savings. The contractor will not make any additional claims regarding costs for the work.

Uploaded by

mushroom0320
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
  • Sample Supplemental Agreement – Value Engineering

Minnesota Dept of Transportation

Office of Construction
Sample Supplemental Agreement Value Engineering
WHEREAS: This Contract provides for, among other things, fill in the general project description
from the title page of the Contract and
WHEREAS: This Contract f!rther provides for, fill in the item or t"pe of #or$ that #ill %e affected %"
the SA and
WHEREAS: The Contractor has s!%mitted a &al!e Engineering proposal to fill in the change in
accordance #ith Mn'D(T Specification )*+, and
WHEREAS: The Engineer has approved this &al!e Engineering proposal-
.(W, THER/(RE 0T 0S HERE12 M3T3A442 A5REED A.D [Link]((D THAT:
)- The Contractor #ill fill in #hat #or$ the Contractor #ill %e doing- 0ncl!de an" form of direction
s!ch as 6as directed %" the Engineer7, 6in accordance #ith Mn'D(T Specification 88887, etc
9- :a"ment for this #or$ #ill %e at the .egotiated !nit price;s< as sho#n in the Estimate of Cost-
A :rime Contractor=s Allo#ance in the amo!nt of )+> of the first ?)+,+++-++ of S!%@contractor
#or$ and 9> of the remaining %alance of S!%@contractor #or$ #ill also %e paid- !se this last
onl" if applica%le
A- A &al!e Engineering 0ncentive #ill %e paid in the amo!nt of B+> of the calc!lated savings as
sho#n in the Estimate of Cost-
*- Contract time #ill not %e revised eCcept as ma" %e provided in Mn'D(T Specification ),+D-
B- The Contractor #ill not ma$e claim of an" $ind or character #hatsoever for an" other costs or
eCpenses that he ma" have inc!rred or that ma" %e hereafter inc!rred in performing the #or$
and f!rnishing the materials reE!ired %" this Agreement-
EST0MATE (/ C(ST
0tem .o- 0tem 3nit 3nit :rice F!antit" Amo!nt 5ro!p
Decrease Contract 0tems
0ncrease .egotiated 0tems
.et Decrease
&al!e Engineering 0ncentive

Minnesota Dept of Transportation Office of Construction Sample Supplemental Agreement – Value Engineering WHEREAS: This Contr

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