Sec. 6. An offeror does not gain a property interest in the award of a contract by a governmental body unless:
(1) the offeror is awarded the contract; and
(2) the contract is completely executed.
Property interest in award of contract
Applied in 1 court decision — leading case City of Fort Wayne v. Pierce Manufacturing, Inc. (2006)
Most recently applied in City of Fort Wayne v. Pierce Manufacturing, Inc. (September 2006)
As added by P.L.49-1997, SEC.1.
Sec. 6. An offeror does not gain a property interest in the award of a contract by a governmental body unless:
(1) the offeror is awarded the contract; and
(2) the contract is completely executed.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.