Terms Used In Indiana Code 5-22-15-11

  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • Statute: A law passed by a legislature.
  • total adjusted offer: means the sum of the offers and adjusted offers of an offeror for each item of supplies. See Indiana Code 5-22-15-6
   Sec. 11. Notwithstanding any statute requiring the award of a contract to the lowest offeror, but subject to section 12 of this chapter, a purchasing agent shall award a contract to the offeror whose total adjusted offer is lower than the total adjusted offer of each other offeror.

As added by P.L.49-1997, SEC.1.