CHAPTER 20. MODIFICATION AND TERMINATION OF CONTRACTS

IC 5-22-20
    Chapter 20. Modification and Termination of Contracts

IC 5-22-20-1
Policies or rules for inclusion of clauses or contract provisions
    Sec. 1. A governmental body may establish policies or adopt rulespermitting or requiring any of the following:
        (1) The inclusion of clauses providing for adjustments in pricesor time of performance.
        (2) The inclusion of contract provisions dealing with either ofthe following:
            (A) The unilateral right of the governmental body to order,in writing either of the following:
                (i) Changes in the work within the scope of the contract.
                (ii) Temporary stopping of the work or delayingperformance.
            (B) Variations occurring between estimated quantities ofwork in a contract and actual quantities.
As added by P.L.49-1997, SEC.1.

IC 5-22-20-2
Adjustments in price; computation
    Sec. 2. Adjustments in price under clauses established undersection 1 of this chapter must be computed in one (1) or more of thefollowing ways:
        (1) By agreement on a fixed price adjustment before thebeginning of the pertinent performance or as soon after thebeginning of the performance as practicable.
        (2) By unit prices specified in the contract or subsequentlyagreed upon.
        (3) By the costs attributable to the events or situations undersuch clauses with adjustment of profit or fee, all as specified inthe contract or subsequently agreed upon.
        (4) In such other manner as the contracting parties maymutually agree.
        (5) In the absence of agreements by the parties, by a unilateraldetermination by the governmental body of the costsattributable to the events or situations under such clauses, withadjustment of profit or fee, all as computed by the governmentalbody in accordance with applicable rules adopted by thegovernmental body.
As added by P.L.49-1997, SEC.1.