Oklahoma § 69-306.1 - Contracts - Price adjustment clauses
Full text of Oklahoma Oklahoma Statutes § 69-306.1 — Contracts - Price adjustment clauses, with citation guidance and answers to common questions.
§ 69-306.1. Contracts - Price adjustment clauses
The provisions of any other law to the contrary notwithstanding,
the Department of Transportation is hereby authorized and empowered
to provide for the use of and inclusion in, its construction
contracts price adjustment clauses, providing adjustments in
contract bid prices as may be deemed necessary and appropriate by
the Director for increases or decreases of energy-intensive
materials based upon the price FOB source on the day of bidding and
actual invoice price FOB source on the day of delivery.
This authorization is to be applied only to such contracts as
may be determined by the Director and approved by the Transportation
Commission and further specified in the notice to bidders.
Laws 1981, c. 339, § 11, emerg. eff. June 30, 1981.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 69-306.1
What does Oklahoma Statutes § 69-306.1 cover?
Section 69-306.1 ("Contracts - Price adjustment clauses") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. 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 Oklahoma § 69-306.1?
A common citation format is "Oklahoma Statutes § 69-306.1" (Oklahoma). 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 Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 69-306.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma 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 Oklahoma.