Liquidated damages

Ind. Code § 4-30-8-6, under Chapter 8. Vendors; Disclosure and Contract Requirements.

Ind. Code § 4-30-8-6

Sec. 6. Each contract entered into by the commission for a major procurement under this chapter must contain a provision for payment of liquidated damages to the commission for a breach of the major procurement contract by the vendor. As added by P.L.341-1989(ss), SEC.1. Amended by P.L.32-1990, SEC.3.