Indiana § 5-17-1-2.5 Road or street work contracts; open price; material price adjustments;
limitation

Indiana Statutes

§ 5-17-1-2.5 — Road or street work contracts; open price; material price adjustments; limitation

Indiana § 5-17-1-2.5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 17PUBLIC PURCHASES

Ch. 1Purchases and Leases of Personal Property by State

This text of Indiana § 5-17-1-2.5 (Road or street work contracts; open price; material price adjustments; limitation) 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 § 5-17-1-2.5 (2026).

Text

5.

(a)Notwithstanding sections 2 and 3 of this chapter and IC 8-23-9, the Indiana department of transportation may award a public works contract for road or street work subject to the open price provisions of IC 26-1-2-305.

(b)Such a contract may provide that prices for construction materials, including but not limited to liquid asphalts, are subject to price of materials adjustment. When price adjustments are part of the contract, the method of price adjustment shall be specified in the contract.

(c)Nothing in this section authorizes the expenditure of money over and above the total amount of money appropriated by the state for road and street contracts. As added by Acts 1980, P.L.34, SEC.1. Amended by Acts 1981, P.L.57, SEC.15; P.L.18-1990, SEC.15.

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5. (a) Notwithstanding sections 2 and 3 of this
chapter and IC 8-23-9, the Indiana department of transportation may
award a public works contract for road or street work subject to the
open price provisions of IC 26-1-2-305.
(b) Such a contract may provide that prices for construction
materials, including but not limited to liquid asphalts, are subject to
price of materials adjustment. When price adjustments are part of the
contract, the method of price adjustment shall be specified in the
contract.
(c) Nothing in this section authorizes the expenditure of money over
and above the total amount of money appropriated by the state for road
and street contracts.
As added by Acts 1980, P.L.34, SEC.1. Amended by Acts 1981,
P.L.57, SEC.15; P.L.18-1990, SEC.15.