Increased compensation for early performance of contracts;

Ind. Code § 4-13.6-3-4, under Chapter 3. Public Works Division.

Ind. Code § 4-13.6-3-4

deductions for late completion of contracts; notice Sec. 4. (a) The commissioner may specify in a contract that early performance of the contract will result in increased compensation at either: (1) a percentage of the contract amount; or (2) a specific dollar amount; determined by the commissioner. (b) The commissioner may specify in a contract that completion of the contract after the termination date of the contract will result in a deduction from the compensation in the contract at either: (1) a percentage of the contract amount; or (2) a specific dollar amount; determined by the commissioner. (c) Notice of inclusion of contract provisions permitted under this section in a contract must be included in the solicitation. As added by P.L.5-1993, SEC.10.