La. Stat. tit. 39 § 1656

Current with changes from the 2024 Legislative Session

Section 39:1656 - Escalation clause

Bid specifications may contemplate a fixed escalation or de-escalation in accordance with a recognized price index. Such index may include but not be limited to the United States Bureau of Labor Statistics, Consumer Price Index and Wholesale Price Index. Bids based on specifications which are subject to a recognized escalation index shall be legal and valid.

La. R.S. § 39:1656

Added by Acts 1979, No. 715, §1, eff. July 1, 1980; Acts 2014, No. 864, §2, eff. Jan. 1, 2015.

Amended by Acts 2014, No. 864,s. 2, eff. 6/23/2014.

Added by Acts 1979, No. 715, §1, eff. 7/1/1980.