§ 4-13-1.6-13 — Price contracts; contents

Indiana § 4-13-1.6-13

• Jurisdiction: Indiana
• Art. 13: ADMINISTRATIVE MANAGEMENT OF STATE
• Ch. 1.6: Statewide Price Contracts for Certain School

Text

A price contract must contain the following
provisions:
(1) The term of the price contract.
(2) A requirement that the contractor must sell a major equipment
item meeting specifications set forth in the solicitation at the price
offered for the major equipment item in the contractor's bid or
proposal.
(3) A requirement that the contractor must sell to a school
corporation requesting a purchase under the price contract.
(4) Except as provided in the solicitation, a statement specifying
that estimates of the number and kind of major equipment item to
be purchased do not bind the state to purchase a given number or
kind of major equipment item.
(5) A statement specifying that a contractor is not required to sell
under the price contract if the number of major equipment items
previously purchased exceeds the number of major equipment
items estimated in the solicitation for the number of major
equipment items to be purchased.
(6) A requirement that the contractor and the school corporation
must enter into a separate contract for the purchase of a major
equipment item.
(7) A statement specifying that the state is not a party to a contract
under subdivision (6).
(8) If the term of the price contract is for more than one (1) year,
a statement specifying what constitutes a significant variation
from the number of major equipment items or kind of major
equipment item to be purchased in the years following the first
year of the price contract for purposes of section 14 of this
chapter.

Legislative History

As added by P.L.49-1997, SEC.10.