Indiana § 5-22-20-2 - Adjustments in price; computation
Full text of Indiana Indiana Code § 5-22-20-2 — Adjustments in price; computation, with citation guidance and answers to common questions.
§ 5-22-20-2. Adjustments in price; computation
Sec. 2. Adjustments in price under clauses established under section 1 of this chapter must be computed in one (1) or more of the following ways:
(1) By agreement on a fixed price adjustment before the beginning of the pertinent performance or as soon after the beginning of the performance as practicable.
(2) By unit prices specified in the contract or subsequently agreed upon.
(3) By the costs attributable to the events or situations under such clauses with adjustment of profit or fee, all as specified in the contract or subsequently agreed upon.
(4) In such other manner as the contracting parties may mutually agree.
(5) In the absence of agreements by the parties, by a unilateral determination by the governmental body of the costs attributable to the events or situations under such clauses, with adjustment of profit or fee, all as computed by the governmental body in accordance with applicable rules adopted by the governmental body.
As added by P.L.49-1997, SEC.1.
IC 5-22-21Chapter 21. Disposition of State Surplus Personal Property
5-22-21-1Applicability of chapter 5-22-21-2"Commissioner" defined 5-22-21-3"Department" defined 5-22-21-4"Surplus property" defined 5-22-21-5Sales of property; requirements 5-22-21-6Commissioner to adopt procedures 5-22-21-7Sales to political subdivisions 5-22-21-7.5Surplus computer hardware; offer to educational entities 5-22-21-7.6Donation of surplus computer hardware to educational entities 5-22-21-8Sale when property not purchased by political subdivision 5-22-21-9Sales made for cash only 5-22-21-10Proceeds of sales 5-22-21-11Persons prohibited from bidding
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-22-20-2
What does Indiana Code § 5-22-20-2 cover?
Section 5-22-20-2 ("Adjustments in price; computation") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 5-22-20-2?
A common citation format is "Indiana Code § 5-22-20-2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 5-22-20-2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.