{"data":{"id":"us-in/ic-5-22-17-4","jurisdiction":"us-in","citation":"IC 5-22-17-4","heading":"Renewal of contracts","body":"Sec. 4. (a) A contract that contains a provision for escalation of the price of the contract may be renewed under this section if the price escalation is computed using:\n(1) a commonly accepted index named in the contract; or\n(2) a formula set forth in the contract.\n(b) Subject to section 5 of this chapter, with the agreement of the contractor and the purchasing agency, a contract may be renewed any number of times.\n(c) The term of a renewed contract may not be longer than the term of the original contract.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 22. PUBLIC PURCHASING","Chapter 17. Contracts"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-22-17-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"652b42d2ae49fda06a27117c88e23c1804ebaf9e370cb1967efa65dfdec14261","source_id":"us-in","stale":false,"prev":"us-in/ic-5-22-17-3","next":"us-in/ic-5-22-17-5"},"notice":"GroundRules: Original legal text. Not legal advice."}