Indiana § 36-1-9.5-38 Maximum aggregate rating; components; net current assets

Indiana Statutes

§ 36-1-9.5-38 — Maximum aggregate rating; components; net current assets

Indiana § 36-1-9.5-38

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 9.5Qualifications of Bidders for Certain Contracts

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Bluebook

Ind. Code § 36-1-9.5-38 (2026).

Text

(a)A contractor's maximum aggregate rating as determined from the statement will be the sum of the following rating components:

(1)Net current assets multiplied by ten (10).

(2)The lesser of:

(A)the net book value of construction equipment assets multiplied by eight (8); or

(B)one-half (1/2) of the amount determined under subdivision

(1).

(3)The lesser of:

(A)net fixed and other assets multiplied by two (2); or

(B)the sum of the amounts determined under subdivisions (1) and (2) multiplied by twenty-five hundredths (0.25).

(b)An entity shall determine accepted net current assets from the statement submitted. Accepted net current assets may include only those net current assets that are readily convertible into working capital.

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(a) A contractor's maximum aggregate
rating as determined from the statement will be the sum of the
following rating components:
(1) Net current assets multiplied by ten (10).
(2) The lesser of:
(A) the net book value of construction equipment assets
multiplied by eight (8); or
(B) one-half (1/2) of the amount determined under subdivision
(1).
(3) The lesser of:
(A) net fixed and other assets multiplied by two (2); or
(B) the sum of the amounts determined under subdivisions (1)
and (2) multiplied by twenty-five hundredths (0.25).
(b) An entity shall determine accepted net current assets from the
statement submitted. Accepted net current assets may include only
those net current assets that are readily convertible into working
capital.