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Indiana Code Title 5. State and Local Administration § 5-16-1-2

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 2. (a) Each bidder shall be required to submit under oath with and as a part of the bidder's bid a statement of:

(1) the bidder's experience;

(2) the bidder's proposed plan for performing such work;

(3) the equipment available for the performance of such work;

(4) the bidder's financial status;  and

(5) if a trust (as defined in IC 30-4-1-1(a)), the name of each:

(A) beneficiary of the trust;  and

(B) settlor empowered to revoke or modify the trust.

(b) The statements required by this section shall be submitted on forms which shall be prescribed by the state board of accounts.  The forms prescribed shall:

(1) be designated, respectively, as the experience questionnaire, the plan and equipment questionnaire, and the contractor's financial statement;  and

(2) be based, so far as applicable, on the standard questionnaires and financial statements for bidders as approved and recommended by the joint conference on construction practices, for use in investigating the qualifications of bidders on public construction work.

The forms shall be used by all such boards, commissions, trustees, officers, and agents in obtaining the information required in the administration of this chapter.

(c) If the information submitted by any bidder on the forms prescribed in this section is found, on examination, to be unsatisfactory, the bid submitted by such bidder shall not be considered.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-16-1-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-16-1-2/

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