 Construction VE
Beginning in late 1989 (Federal Fiscal Year 1990) the department
added a construction value engineering program. Contractors
submit Value Engineering Change Proposals (VECP'S) for department review and
approval.
If accepted, the contractor and the department
share the total savings on a 50/50 basis. Beginning in 2007, contractors can submit VE/Practical Design Underruns (VE/PDU's).
If accepted, VE/PDU savings are split 25% Contractor/75%. MoDOT VE/PDU's typically consist of an existing feature that could remain a part of the final project, for example, exisiting pavement, an existing pipe, etc. See file below for a summary of the Federal Fiscal Year 2007 Construction VECP's and VE/PDU's.
Other documents:
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