Sec. 6. (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.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.