Common use of Joint Venture Clause in Contracts

Joint Venture. When a TGB or VET performs as a participant in a joint venture, MnDOT will count a portion of the total dollar value of the contract equal to the distinct, clearly defined portion of the work of the contract that the TGB or VET performs with its own forces toward TGB or VET goals. Commercially Useful Function. MnDOT will count expenditures of a TGB or VET contractor toward TGB or VET goals only if the TGB or VET is performing a commercially useful function on that contract.