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2018 SESSION

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SB 125 Value engineering; raises minimum project cost.

Introduced by: Richard H. Black | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Value engineering. Raises the minimum project cost requiring the use of value engineering from $5 million to $15 million. The bill exempts projects that are designed utilizing (i) a design-build contract or (ii) the Public-Private Transportation Act of 1995 from the value engineering requirements. This bill incorporates SB 117 and is identical to HB 134.

SUMMARY AS PASSED SENATE:

Value engineering. Raises the minimum project cost requiring the use of value engineering from $5 million to $10 million. The bill exempts projects that are designed utilizing (i) a design-build contract or (ii) the Public-Private Transportation Act of 1995 from the value engineering requirements. This bill incorporates SB 117.

SUMMARY AS INTRODUCED:

Value engineering. Raises the minimum project cost requiring the use of value engineering from $5 million to $15 million. The bill exempts projects that are designed utilizing (i) a design-build contract or (ii) the Public-Private Transportation Act of 1995 from the value engineering requirements.