Indiana § 36-1-12-17 Road or street work contracts; timely payment of claims; final payment;
interest for late payment

Indiana Statutes

§ 36-1-12-17 — Road or street work contracts; timely payment of claims; final payment; interest for late payment

Indiana § 36-1-12-17

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 12Public Work Projects

This text of Indiana § 36-1-12-17 (Road or street work contracts; timely payment of claims; final payment; interest for late payment) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-1-12-17 (2026).

Text

(a)A contract for road or street work must contain a provision for the timely payment of claims made by the contractor.

(b)Each contract must provide for final payment within one hundred twenty (120) days after final acceptance and completion of the contract. Final payment may not be made on any amount that is in dispute, but final payment may be made on that part of a contract or those amounts that are not in dispute.

(c)For each day after one hundred twenty (120) days, the board shall pay to the contractor interest for late payment of money due to the contractor. However, interest may not be paid for those days that the delay in payment is not directly attributable to the board. The annual percentage rate of interest that the board shall pay on the unpaid balance is twelve percent (12

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(a) A contract for road or street work must
contain a provision for the timely payment of claims made by the
contractor.
(b) Each contract must provide for final payment within one
hundred twenty (120) days after final acceptance and completion of the
contract. Final payment may not be made on any amount that is in
dispute, but final payment may be made on that part of a contract or
those amounts that are not in dispute.
(c) For each day after one hundred twenty (120) days, the board
shall pay to the contractor interest for late payment of money due to the
contractor. However, interest may not be paid for those days that the
delay in payment is not directly attributable to the board. The annual
percentage rate of interest that the board shall pay on the unpaid
balance is twelve percent (12%).