§ 5-22-17-6 — Early performance; completion after termination date

Indiana § 5-22-17-6

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 22: PUBLIC PURCHASING
• Ch. 17: Contracts

Text

(a) The purchasing agent 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 purchasing agent.
(b) The purchasing agent 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 purchasing agent.
(c) Notice of inclusion of contract provisions permitted under this
section in a contract must be included in the solicitation.

Legislative History

As added by P.L.49-1997, SEC.1.