Indiana Code 36-1-9.5-32. Personal interview of contractor by entity; updated statement; audit
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Sec. 32. (a) An entity may require a personal interview with any contractor when considering qualifications.
(c) A statement furnished for qualification greater than two hundred thousand dollars ($200,000) must include a reviewed or an audited financial statement prepared and attested as correct by an independent certified public accountant registered and in good standing in any state. The accountant must make an independent verification of assets and liabilities in accordance with generally accepted auditing standards. The execution of a certificate of audit constitutes certification that an audit in accordance with generally accepted auditing standards has been performed and reported.
(b) A prequalification administrator may request a new statement if the date of the statement is more than six (6) months old when submitted.
Terms Used In Indiana Code 36-1-9.5-32
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- prequalification administrator: means the administrative officer of an entity who is responsible for the administration of the qualification of contractors under this chapter. See Indiana Code 36-1-9.5-14
As added by P.L.85-1991, SEC.3.