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

Indiana Statutes

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

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 22 PUBLIC PURCHASING·Ch. 17 Contracts

(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.

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(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.

Indiana § 5-22-17-6 (Early performance; completion after termination date) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.