Sec. 14. (a) This section applies only:

(1) if the term of the price contract is for more than one (1) year; and

Terms Used In Indiana Code 4-13-1.6-14

  • Contract: A legal written agreement that becomes binding when signed.
  • contractor: means a person awarded a price contract. See Indiana Code 4-13-1.6-1
  • department: refers to the Indiana department of administration established by IC 4-13-1-2. See Indiana Code 4-13-1.6-2
  • major equipment item: refers to any item that a school corporation considers:

    Indiana Code 4-13-1.6-3

  • price contract: refers to a contract entered into by the department under section 11 of this chapter. See Indiana Code 4-13-1.6-4
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) after the first year of the term of the price contract.

     (b) If the number of major equipment items or kind of major equipment items purchased by school corporations varies significantly from those indicated in the solicitation for the price contract, the department may take any of the following actions:

(1) Purchase any excess or different major equipment item required under a new price contract.

(2) With the consent of the contractor, amend the contract to reflect the change in quantities or types of major equipment items to be purchased.

(3) With the consent of the contractor, cancel the price contract and solicit for a new price contract.

As added by P.L.49-1997, SEC.10.