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§ 5-22-15-10 — Indiana Law | CourtGPT
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  4. Title 5 - State and Local Administration/
  5. Article 22 - Public Purchasing/
  6. Chapter 15 - Purchasing Preferences5-22-15-1. Applicability of Chapter/
  7. § 5-22-15-10
Indiana Legal Code

§ 5-22-15-10

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(b) If an offeror offers a preferred supply for a given supply item, the purchasing agent shall compute an adjusted offer for that item according to the following formula:STEP ONE: Determine the price preference percentage for the supply item under this chapter.STEP TWO: Multiply the offeror's offer for the supply item by the percentage determined under STEP ONE.STEP THREE: Subtract the number determined under STEP TWO from the offeror's offer for the supply item.As added by P.L.49-1997, SEC.1. Amended by P.L.79-2008, SEC.5; P.L.133-2012, SEC.40.