Terms Used In Indiana Code 5-2-2-8

  • Contract: A legal written agreement that becomes binding when signed.
   Sec. 8. Upon completion by the architect, or architects, and the approval by the commission of these plans and specifications, the commission shall at one time or from time to time advertise for and receive competitive bids for the construction and equipment of the building or buildings. Upon receipt of such bids, the commission shall then proceed to award a contract, or contracts, to the lowest and best bidder, or bidders. The procedure for advertising, receiving bids, and awarding contracts shall conform to all state laws applicable thereto.

Formerly: Acts 1971, P.L.43, SEC.1.