Louisiana Revised Statutes 48:255.4 – Cost-plus contracts prohibited; exceptions
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Terms Used In Louisiana Revised Statutes 48:255.4
- Contract: means any contract awarded by the department for construction or maintenance of transportation facilities or work authorized by La. See Louisiana Revised Statutes 48:251.9
- Contract: A legal written agreement that becomes binding when signed.
- Emergency: shall mean an unforeseen mischance bringing with it destruction or injury of life or property or the imminent threat of such destruction or injury, the result of an order from any judicial body to take immediate action which requires construction or maintenance without time to comply with the formalities of this Part. See Louisiana Revised Statutes 48:251.9
Except for a duly certified emergency, no contract of the department shall be let on a cost-plus basis. Plan changes which cannot be negotiated and for which no item was provided in the original contract may be ordered on a cost-plus basis, if such basis was specified in the original contract as advertised.
Acts 1997, No. 1112, §1, eff. July 14, 1997.