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Terms Used In Indiana Code 4-30-8-9

  • Contract: A legal written agreement that becomes binding when signed.
   Sec. 9. IC 5-22 does not apply to procurement by the commission. The commission shall adopt rules under IC 4-22-2 for procurement. The rules shall be designed to aid the commission in evaluating competing proposals and selecting the proposal that provides the greatest long term benefit to Indiana with respect to the quality of the product or services, dependability and integrity of the vendor, dependability of the vendor’s products or service, security, competence, timeliness, and maximization of gross revenues and net proceeds over the life of the contract.

As added by P.L.341-1989(ss), SEC.1. Amended by P.L.49-1997, SEC.24.