Statutes, codes, and regulations
Ohio Administrative Code
Title 5501:2 - Division of Highways
Chapter 5501:2-7 - Incentive/Disincentive Contract
Section 5501:2-7-04 - Maximum incentive/disincentive amount

Ohio Admin. Code 5501:2-7-04

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Current through all regulations passed and filed through December 2, 2024
Section 5501:2-7-04 - Maximum incentive/disincentive amount

The director shall not pay more than five per cent of the total contract amount in incentive payments unless he/she determines that the work is so critical that a higher percentage is warranted. There shall be no cap placed upon the accruing disincentive amount unless expressly authorized by the director.

Ohio Admin. Code 5501:2-7-04

Five Year Review (FYR) Dates: 2/14/2023 and 02/14/2028
Promulgated Under: 119.03
Statutory Authority: 5525.20
Rule Amplifies: 5525.20
Prior Effective Dates: 09/29/1989, 03/29/2018
Effective: 3/29/2018
Five Year Review (FYR) Dates: 1/10/2018 and 03/29/2023
Promulgated Under: 119.03
Statutory Authority: 5525.20
Rule Amplifies: 5525.20
Prior Effective Dates: 09/29/1989