Indiana Statutes
§ 5-22-15-10 — Computation of adjusted offer; formula
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 22 PUBLIC PURCHASING·Ch. 15 Purchasing Preferences
(a)This section does not apply to an absolute
preference.
(b)If an offeror offers a preferred supply for a given supply item,
the purchasing agent shall compute an adjusted offer for that item
according to the following formula:
STEP ONE: Determine the price preference percentage for the
supply item under this chapter.
STEP TWO: Multiply the offeror's offer for the supply item by the
percentage determined under STEP ONE.
STEP THREE: Subtract the number determined under STEP
TWO from the offeror's offer for the supply item.
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Legislative History
As added by P.L.49-1997, SEC.1. Amended by P.L.79-2008,
SEC.5; P.L.133-2012, SEC.40.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined