Sec. 37. (a) A
contractor may be classified for one (1) or more types of work. A contractor will be rated in accordance with the contractor’s financial ability, adequacy of plant and equipment, organization, prior experience, record of construction and any other relevant and material facts that may affect the classification.
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Terms Used In Indiana Code 36-1-9.5-37
- Contract: A legal written agreement that becomes binding when signed.
- contract: means the written agreement between an entity and a contractor setting forth the obligations of the parties. See Indiana Code 36-1-9.5-9
- 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
- subcontractor: means an individual, a partnership, a firm, a limited liability company, a corporation, or other person to whom a contractor sublets part of a contract. See Indiana Code 36-1-9.5-16
(c) The entity shall assign a contractor an aggregate amount that will be the largest dollar amount of uncompleted work the contractor or subcontractor will have under contract at any time as principal or subcontractor, regardless of the location of the work and with whom the work is contracted.
As added by P.L.85-1991, SEC.3.
