Section 5-22-7.3-11 - Erroneous bids(a) The purchasing agency may establish policies to allow any of the following: (1) Correction or withdrawal of inadvertently erroneous bids before or after an award.(2) Cancellation of awards or contracts based on a mistake described in subdivision (1).(b) Except as provided in a rule or policy, a purchasing agency must make a written decision to: (1) permit the correction or withdrawal of a bid; or(2) cancel awards or contracts based on bid mistakes.As added by P.L. 160-2006, SEC.6.