IC 4-13.6-3-4: Increased compensation for early performance of contracts; 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.