§ 4-13.6-7-0.1 Application of certain amendments to chapter
§ 4-13.6-7-1 Application of chapter
§ 4-13.6-7-2 Contract provisions for retainage of payments; escrow accounts and agreements
§ 4-13.6-7-3 Amount of retainage withheld
§ 4-13.6-7-4 Payment of subcontractors and suppliers; certification of previous payments; incorrect certification
§ 4-13.6-7-5 Bid bonds
§ 4-13.6-7-6 Payment bonds
§ 4-13.6-7-7 Performance bonds
§ 4-13.6-7-8 Final settlement with contractor
§ 4-13.6-7-9 Payment of subcontractors and suppliers by division; proration of claims; disputed claims
§ 4-13.6-7-10 Claims of subcontractors and suppliers; verification; notice to contractors and sureties; actions upon bond
§ 4-13.6-7-11 Limitation of actions against sureties
§ 4-13.6-7-12 Construction of chapter with other laws
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Terms Used In Indiana Code > Title 4 > Article 13.6 > Chapter 7 - Bonding, Escrow, and Retainages

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Contract: A legal written agreement that becomes binding when signed.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • minor: means a person less than eighteen (18) years of age. See Indiana Code 1-1-4-5
  • Quorum: The number of legislators that must be present to do business.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Statute: A law passed by a legislature.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
  • Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5