The contract may provide that prices for construction materials are subject to price of materials adjustment. When price adjustments are part of the contract, the method of price adjustments shall be specified in the contract. However, this section does not authorize the expenditure of money above the total amount of money appropriated by the political subdivision or agency for road, street, or bridge contracts.[Pre-Local Government Recodification Citations: 5-16-1 part; Part new.]As added by Acts 1981, P.L.57, SEC.38. Amended by P.L.329-1985, SEC.20.
Indiana Legal Code