Minnesota's MnDOT Offers Bid Preference to Veteran and Targeted Group Small Businesses for Construction Contracts

Small businesses in Minnesota seeking an edge in the world of state construction contracts just got a heads-up. The Minnesota Department of Transportation (MnDOT) has a sweet deal for certified Targeted Group Businesses (TGB) and Veteran-owned small businesses. According to a MnDOT bulletin, these businesses could score a preference boost of up to 12% off the amount of their bid when aiming to be the prime contractor on MnDOT construction projects. However, don't get too carried away—the preference cap is pegged at $240,000.

When it comes down to crunching the numbers to find out who's offering the lowest bid, MnDOT includes these preferences in its evaluation. With the full bid amount representing the contract value, these preferences could make a significant impact on qualifying small businesses, as reported by the Minnesota Department of Transportation.

The process for requesting a preference is straightforward: fire off an email with the Targeted Group and Veteran-owned Business Preference Form to [email protected] before the letting closes, as per MnDOT.