Section 4-13.6-3-4 - Increased compensation for early performance of contracts; deductions for late completion of contracts; notice(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.