Indiana Code § 5-22-20-2

Adjustments in price; computation
Open in Lexace · Ask the AI about this section
Sec. 2. Adjustments in price under clauses established under section 1 of this chapter must be computed in one (1) or more of the following ways: (1) By agreement on a fixed price adjustment before the beginning of the pertinent performance or as soon after the beginning of the performance as practicable. (2) By unit prices specified in the contract or subsequently agreed upon. (3) By the costs attributable to the events or situations under such clauses with adjustment of profit or fee, all as specified in the contract or subsequently agreed upon. (4) In such other manner as the contracting parties may mutually agree. (5) In the absence of agreements by the parties, by a unilateral determination by the governmental body of the costs attributable to the events or situations under such clauses, with adjustment of profit or fee, all as computed by the governmental body in accordance with applicable rules adopted by the governmental body.   IC 5-22-21 Chapter 21. Disposition of State Surplus Personal Property               5-22-21-1 Applicability of chapter             5-22-21-2 "Commissioner" defined             5-22-21-3 "Department" defined             5-22-21-4 "Surplus property" defined             5-22-21-5 Sales of property; requirements             5-22-21-6 Commissioner to adopt procedures             5-22-21-7 Sales to political subdivisions             5-22-21-7.5 Surplus computer hardware; offer to educational entities             5-22-21-7.6 Donation of surplus computer hardware to educational entities             5-22-21-8 Sale when property not purchased by political subdivision             5-22-21-9 Sales made for cash only             5-22-21-10 Proceeds of sales             5-22-21-11 Persons prohibited from bidding

‹ 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.