CHAPTER 20. MODIFICATION AND TERMINATION OF CONTRACTS
IC 5-22-20
Chapter 20. Modification and Termination of Contracts
IC 5-22-20-1
Policies or rules for inclusion of clauses or contract provisions
Sec. 1. A governmental body may establish policies or adopt rules
permitting or requiring any of the following:
(1) The inclusion of clauses providing for adjustments in prices
or time of performance.
(2) The inclusion of contract provisions dealing with either of
the following:
(A) The unilateral right of the governmental body to order,
in writing either of the following:
(i) Changes in the work within the scope of the contract.
(ii) Temporary stopping of the work or delaying
performance.
(B) Variations occurring between estimated quantities of
work in a contract and actual quantities.
As added by P.L.49-1997, SEC.1.
IC 5-22-20-2
Adjustments in price; computation
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.
As added by P.L.49-1997, SEC.1.