Indiana § 36-1-12-4.5 Bond or certified check; filing by bidders

Indiana Statutes

§ 36-1-12-4.5 — Bond or certified check; filing by bidders

Indiana § 36-1-12-4.5

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 12Public Work Projects

This text of Indiana § 36-1-12-4.5 (Bond or certified check; filing by bidders) 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 § 36-1-12-4.5 (2026).

Text

5.

(a)The political subdivision or agency:

(1)shall require a bond or a certified check to be filed with each bid by a bidder in the amount determined and specified by the board in the notice of the letting if the cost of the public work is estimated to be more than two hundred thousand dollars ($200,000); and

(2)may require a bond or a certified check to be filed with each bid by a bidder in the amount determined and specified by the board in the notice of the letting if the cost of the public work is estimated to be not more than two hundred thousand dollars ($200,000).

(b)The amount of the bond or certified check may not be set at more than ten percent (10%) of the contract price. The bond or certified check shall be made payable to the political subdivision or agency.

(c)All check

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5. (a) The political subdivision or agency:
(1) shall require a bond or a certified check to be filed with each
bid by a bidder in the amount determined and specified by the
board in the notice of the letting if the cost of the public work is
estimated to be more than two hundred thousand dollars
($200,000); and
(2) may require a bond or a certified check to be filed with each
bid by a bidder in the amount determined and specified by the
board in the notice of the letting if the cost of the public work is
estimated to be not more than two hundred thousand dollars
($200,000).
(b) The amount of the bond or certified check may not be set at
more than ten percent (10%) of the contract price. The bond or certified
check shall be made payable to the political subdivision or agency.
(c) All checks of unsuccessful bidders shall be returned to them by
the board upon selection of successful bidders. Checks of successful
bidders shall be held until delivery of the performance bond, as
provided in section 14(e) of this chapter.