Indiana § 5-22-17-4 Renewal of contracts

Indiana Statutes

§ 5-22-17-4 — Renewal of contracts

Indiana § 5-22-17-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 22PUBLIC PURCHASING

Ch. 17Contracts

This text of Indiana § 5-22-17-4 (Renewal of contracts) 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 § 5-22-17-4 (2026).

Text

(a)A contract that contains a provision for escalation of the price of the contract may be renewed under this section if the price escalation is computed using:

(1)a commonly accepted index named in the contract; or

(2)a formula set forth in the contract.

(b)Subject to section 5 of this chapter, with the agreement of the contractor and the purchasing agency, a contract may be renewed any number of times.

(c)The term of a renewed contract may not be longer than the term of the original contract.

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(a) A contract that contains a provision for
escalation of the price of the contract may be renewed under this
section if the price escalation is computed using:
(1) a commonly accepted index named in the contract; or
(2) a formula set forth in the contract.
(b) Subject to section 5 of this chapter, with the agreement of the
contractor and the purchasing agency, a contract may be renewed any
number of times.
(c) The term of a renewed contract may not be longer than the term
of the original contract.