Indiana Code 5-22-15-10. Computation of adjusted offer; formula
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Sec. 10. (a) This section does not apply to an absolute preference.
STEP ONE: Determine the price preference percentage for the supply item under this chapter.
(b) If an offeror offers a preferred supply for a given supply item, the purchasing agent shall compute an adjusted offer for that item according to the following formula:
Terms Used In Indiana Code 5-22-15-10
- absolute preference: means a requirement that a governmental body must purchase supplies described under this chapter, regardless of price. See Indiana Code 5-22-15-2
- adjusted offer: means the offer price of an offeror for preferred supplies as determined under section 10 of this chapter. See Indiana Code 5-22-15-3
- price preference percentage: means the percentage preference provided by this chapter for a specified kind or item of supplies. See Indiana Code 5-22-15-5
STEP TWO: Multiply the offeror’s offer for the supply item by the percentage determined under STEP ONE.
STEP THREE: Subtract the number determined under STEP TWO from the offeror’s offer for the supply item.
As added by P.L.49-1997, SEC.1. Amended by P.L.79-2008, SEC.5; P.L.133-2012, SEC.40.