Ind. Code § 5-22-17-6

Early performance; completion after termination date

As added by P.L.49-1997, SEC.1.
  1. (a) The purchasing agent may specify in a contract that early performance of the contract will result in increased compensation at either:

    1. (1) a percentage of the contract amount; or
    2. (2) a specific dollar amount;

      determined by the purchasing agent.

  2. (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. (1) a percentage of the contract amount; or
    2. (2) a specific dollar amount;

      determined by the purchasing agent.

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

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

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