Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-16-5.5-0.1 Application of certain amendments to chapter
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Sec. 0.1. The amendments made to section 2 of this chapter by P.L.133-2007 apply only to public works contracts entered into after June 30, 2007. As added by P.L.220-2011, SEC.98.
Ind. Code § 5-16-5.5-1 Definitions
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Sec. 1. As used in this chapter: "State agency" means the state of Indiana or any commission or agency created by law. "Agent" shall include any board, commission, trustee, officer or agent which acts on behalf of a state agency. "Public building", "public work" and "public impro…
Ind. Code § 5-16-5.5-2 Contracts governed by this chapter
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Sec. 2. To the extent that this chapter is applicable, all contracts between a contractor and a state agency concerning any public building, work, or improvement entered into after May 1, 1972, and which contracts are in excess of two hundred thousand dollars ($200,000) are to be…
Ind. Code § 5-16-5.5-3 Retainage; escrow agreement
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Sec. 3. Any state agency which enters into a contract for any public building, work or improvement, and any contractor subcontracting portions of such contract, which contracts contain provision for retainage shall include in their respective contracts a provision that at the tim…
Ind. Code § 5-16-5.5-3.1 Escrow accounts; establishment and maintenance; fee;
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schedule Sec. 3.1. The treasurer of state may charge a reasonable fee for services that the treasurer renders in connection with the establishment and administration of escrow accounts. If the treasurer charges such fee, the treasurer shall prepare a fee schedule and make it avai…
Ind. Code § 5-16-5.5-3.5 Retainage; options to determine amount
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Sec. 3.5. (a) To determine the amount of retainage to be withheld, a state agency shall elect one (1) of the following options: (1) Withhold no more than ten percent (10%) nor less than six percent (6%) of the dollar value of all work satisfactorily completed until the public wor…
Ind. Code § 5-16-5.5-4 Performance bond; incremented bonding; release or discharge
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of surety; waiver of bond requirements for certain state educational institution projects Sec. 4. (a) This section does not apply to a contract entered into by a state educational institution if: (1) the amount to be paid under the contract is less than five hundred thousand doll…
Ind. Code § 5-16-5.5-5 Payment of subcontractor; certification of receipt
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Sec. 5. Within ten (10) days of the receipt of any payment by the state agency or escrow agent, the contractor or escrow agent shall pay all subcontractors with whom he has contracted their share of the payment the contractor received based upon the service performed by the subco…
Ind. Code § 5-16-5.5-6 Payment of contractor; uncompleted minor items
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Sec. 6. The contractor shall be paid in full including all escrowed principal and escrowed income by the state agency and escrow agent within sixty-one (61) days following the date of substantial completion, subject to IC 5-16-5. If at that time there are any remaining uncomplete…
Ind. Code § 5-16-5.5-7 Suit against surety; time limitation
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Sec. 7. All suits must be brought against a surety on a bond required by this chapter within one (1) year after the completion of the work or service in question. Formerly: Acts 1972, P.L.44, SEC.1.
Ind. Code § 5-16-5.5-8 Conflicting laws
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Sec. 8. This chapter shall not be construed as conflicting with any other laws for the protection of labor, subcontractors or materialmen, but is supplemental thereto. Formerly: Acts 1972, P.L.44, SEC.1.