Indiana Statutes

§ 4-13.6-3-4 — Increased compensation for early performance of contracts; deductions for late completion of contracts; notice

Indiana § 4-13.6-3-4
JurisdictionIndiana
Art. 13.6STATE PUBLIC WORKS
Ch. 3Public Works Division

This text of Indiana § 4-13.6-3-4 (Increased compensation for early performance of contracts; deductions for late completion of contracts; notice) 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 § 4-13.6-3-4 (2026).

Text

(a)The commissioner may specify in a contract that early performance of the contract will result in increased compensation at either:
(1)a percentage of the contract amount; or
(2)a specific dollar amount; determined by the commissioner.
(b)The commissioner may specify in a contract that completion of the contract after the termination date of the contract will result in a deduction from the compensation in the contract at either:
(1)a percentage of the contract amount; or
(2)a specific dollar amount; determined by the commissioner.
(c)Notice of inclusion of contract provisions permitted under this section in a contract must be included in the solicitation.

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Legislative History

As added by P.L.5-1993, SEC.10.

Nearby Sections

15
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Bluebook (online)
Indiana § 4-13.6-3-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/4-13.6-3-4.