Indiana Code 36-1-9.5-31. Change in contractor’s circumstances during certificate validity period; notice to prequalification administrator
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Sec. 31. If at any time during the valid period of a certificate of qualification the latest statement of a contractor on record with an entity ceases to represent fairly and substantially the financial position or the equipment of the contractor, the contractor shall do the following until the contractor’s qualification is confirmed or revised:
(2) Refrain from further bidding on contracts for which the entity has required prequalification.
(1) Notify the entity prequalification administrator of the change of circumstances.
Terms Used In Indiana Code 36-1-9.5-31
- certificate of qualification: means the official document that qualifies a contractor to bid on contracts of an entity that require prequalification under this chapter. See Indiana Code 36-1-9.5-8
- contractor: means an individual, a partnership, a firm, a limited liability company, a corporation, or other person contracting with or desiring to contract with an entity for performance of prescribed work. See Indiana Code 36-1-9.5-10
- entity: means the following:
Indiana Code 36-1-9.5-11
- prequalification administrator: means the administrative officer of an entity who is responsible for the administration of the qualification of contractors under this chapter. See Indiana Code 36-1-9.5-14
As added by P.L.85-1991, SEC.3.