Sec. 20. A contractor desiring to offer bids for the performance of contracts for which an entity requires prequalification must file a statement of experience and financial condition using a form prescribed by the state board of accounts. The statement must include a complete report of the following of the prospective bidder:

(1) Financial ability.

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Terms Used In Indiana Code 36-1-9.5-20

  • bidder: means an individual, a partnership, a firm, a limited liability company, a corporation, or other person submitting a bid for advertised work. See Indiana Code 36-1-9.5-7
  • contractor: means an individual, a partnership, a firm, a limited liability company, a corporation, or other person contracting with or desiring to contract with an entity for performance of prescribed work. See Indiana Code 36-1-9.5-10
  • entity: means the following:

    Indiana Code 36-1-9.5-11

(2) Adequacy of plant and equipment.

(3) Organization and experience.

As added by P.L.85-1991, SEC.3.