There is a newer version
of
this Section
2018 Indiana Code
TITLE 4. State Offices and Administration
ARTICLE 13.6. STATE PUBLIC WORKS
CHAPTER 3. Public Works Division
4-13.6-3-4. Increased compensation for early performance of contracts; deductions for late completion of contracts; notice
Universal Citation: IN Code § 4-13.6-3-4 (2018)
IC 4-13.6-3-4 Increased compensation for early performance of contracts; deductions for late completion of contracts; notice
Sec. 4. (a) The commissioner may specify in a contract that early performance of the contract will result in increased compensation at either:
(1) a percentage of the contract amount; or
(2) a specific dollar amount;
determined by the commissioner.
(b) The commissioner may specify in a contract that completion of the contract after the termination date of the contract will result in a deduction from the compensation in the contract at either:
(1) a percentage of the contract amount; or
(2) a specific dollar amount;
determined by the commissioner.
(c) Notice of inclusion of contract provisions permitted under this section in a contract must be included in the solicitation.
As added by P.L.5-1993, SEC.10.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
