Indiana § 8-16-3.5-5.5 Contracts with profit corporations; competitive bidding procedure

Indiana Statutes

§ 8-16-3.5-5.5 — Contracts with profit corporations; competitive bidding procedure

Indiana § 8-16-3.5-5.5

Art. 16BRIDGES AND TUNNELS

Ch. 3.5Leasing of Bridges by Counties

This text of Indiana § 8-16-3.5-5.5 (Contracts with profit corporations; competitive bidding procedure) 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 § 8-16-3.5-5.5 (2026).

Text

5. Notwithstanding any other provision of this chapter, a contract of lease with any profit corporation is subject to competitive bid and may only be entered into after compliance with the following:

(1)The lessee shall prepare and place on file in the lessee's offices a proposed lease and complete drawings and specifications for the bridge described in section 1 of this chapter to include necessary equipment and appurtenances to the equipment. The lease must be complete in its terms except for total rental or other consideration which is subject to bid provided for in this section.

(2)After that, the lessee shall publish a notice in accordance with IC 5-3-1 informing the public and potential lessors of the general nature of the lease and of the fact that the proposed lease, drawings, an

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5. Notwithstanding any other provision of
this chapter, a contract of lease with any profit corporation is subject
to competitive bid and may only be entered into after compliance with
the following:
(1) The lessee shall prepare and place on file in the lessee's
offices a proposed lease and complete drawings and specifications
for the bridge described in section 1 of this chapter to include
necessary equipment and appurtenances to the equipment. The
lease must be complete in its terms except for total rental or other
consideration which is subject to bid provided for in this section.
(2) After that, the lessee shall publish a notice in accordance with
IC 5-3-1 informing the public and potential lessors of the general
nature of the lease and of the fact that the proposed lease,
drawings, and specifications are on file in the office, and calling
for sealed proposals for the contract of lease on a specific date not
earlier than ten (10) days after the first day of publication.
(3) The lessee shall require each bidder to file with the lessee an
affidavit that the bidder has not, directly or indirectly, entered into
any combination, collusion, undertaking, or agreement with any
other bidder to maintain the price of the bid, or to prevent any
other bidder from bidding, or to induce any bidder to refrain from
bidding, and that the bid is made without regard or reference to
any other bid, and without any agreement, understanding, or
combination, either directly or indirectly, with any other person
with reference to the bidding. If, after any contract of lease has
been let by the lessee, it shall appear that the successful bidder
has been guilty of any collusion, combination, undertaking, or
agreement, as defined in the affidavit, the bidder shall forfeit the
contract of lease, and the contract of lease shall be relet by the
lessee.
(4) The lessee may, in the lessee's discretion, fix a later day for
receiving the bids, provided that the date shall be mentioned in
each of the notices.
(5) The lessee shall, if a satisfactory bid is received, let control of
the lease to the lowest and best bidder.
(6) The lessee may, by order, impose further conditions upon
bidders with regard to bond and surety, guaranteeing the good
faith and responsibility of the word provided for in the proposed
contract of lease, or insuring the faithful completion of the terms
of the proposed contract of lease, or for any other purpose.
Formerly: Acts 1975, P.L.92, SEC.2. As amended by
P.L.86-1988, SEC.28.