4-13.6-4-6. Certificates of qualification; standards for issuance

IN Code § 4-13.6-4-6 (2019) (N/A)

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Sec. 6. (a) The board may issue an applicant a certificate of qualification as a contractor only if:

(1) the applicant's stated bonding limit, as evidenced by a verified statement from a bonding company licensed to do business in Indiana, is one hundred fifty thousand dollars ($150,000) or more; and

(2) the applicant's experience, past performance, and reputation are such that, in the judgment of the board, the contractor will satisfactorily execute and perform contracts that may be awarded under this article.

(b) An application for qualification as a contractor must expressly authorize the board to obtain all information that it considers pertinent with respect to the reputation for honesty and fair dealing of the applicant and to obtain this information from surety companies, dealers in material, equipment, and supplies, or other persons having business transactions with the applicant. The application must also expressly authorize all financial institutions or other persons to furnish this information, as requested by the board.

(c) The board may require a qualified contractor to provide information relating to its qualifications at the intervals set by the board. However, the board may not require this information more often than quarterly or with the submission of a public works contract bid.

As added by P.L.24-1985, SEC.7. Amended by P.L.22-1997, SEC.2.

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4-13.6-4-7. Foreign corporations; applications for qualifications