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2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:1656 — Escalation clause
LA Rev Stat § 39:1656 What's This?
§1656. Escalation clause
Bid specifications may contemplate a fixed escalation or deescalation in accordance with the United States Bureau of Labor Statistics, Consumer Price Index and Wholesale Price Index. Bids based on specifications which are subject to a recognized escalation index shall be legal and valid.
Added by Acts 1979, No. 715, §1, eff. July 1, 1980.
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