Ind. Code § 5-22-15-10

Current through P.L. 171-2024

Section 5-22-15-10 - Computation of adjusted offer; formula

(a) This section does not apply to an absolute preference.

(b) If an offeror offers a preferred supply for a given supply item, the purchasing agent shall compute an adjusted offer for that item according to the following formula:

STEP ONE: Determine the price preference percentage for the supply item under this chapter.

STEP TWO: Multiply the offeror's offer for the supply item by the percentage determined under STEP ONE.

STEP THREE: Subtract the number determined under STEP TWO from the offeror's offer for the supply item.

IC 5-22-15-10

Amended by P.L. 133-2012, SEC. 40, eff. 7/1/2012.

As added by P.L. 49-1997, SEC.1. Amended by P.L. 79-2008, SEC.5.