Indiana Code Title 36. Local Government § 36-1-12-6

Sec. 6. (a) Except as provided in subsections (b) through (d), the board shall award the contract and shall provide the successful bidder with written notice to proceed within sixty (60) days after the date on which bids are opened.

(b) If general obligation bonds are to be sold to finance the construction that is the subject of the bid, the board shall allow the bidder ninety (90) days.

(c) If revenue bonds are to be issued, when approved by the utility regulatory commission, or if special taxing district, special benefit, or revenue bonds are to be issued and sold to finance the construction, the board shall allow the bidder one hundred fifty (150) days.

(d) If a federal grant is to be issued to fund a portion of the construction of the subject of the bid, the board shall allow the bidder ninety (90) days.

(e) A failure to award and execute the contract and to issue notice within the time required by this section entitles the successful bidder to:

If the successful bidder elects to reject the contract and withdraw the bidder's bid, notice of that election must be given to the board in writing within fifteen (15) days of the sixty (60) day expiration date or any other extension date.