Okla. Stat. tit. 69, § 69-306.1
This is the official text of Okla. Stat. tit. 69, § 69-306.1, part of Oklahoma’s Stat. tit. 69, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 69,." Browse the sections below, each linked to its official government source.
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Contracts - Price adjustment clauses
Official statutory text
The provisions of any other law to the contrary notwithstanding,
the Department of Transportation is hereby authorized and empowered
to provide for the use of and inclusion in, its construction
contracts price adjustment clauses, providing adjustments in
contract bid prices as may be deemed necessary and appropriate by
the Director for increases or decreases of energy-intensive
materials based upon the price FOB source on the day of bidding and
actual invoice price FOB source on the day of delivery.
This authorization is to be applied only to such contracts as
may be determined by the Director and approved by the Transportation
Commission and further specified in the notice to bidders.
the Department of Transportation is hereby authorized and empowered
to provide for the use of and inclusion in, its construction
contracts price adjustment clauses, providing adjustments in
contract bid prices as may be deemed necessary and appropriate by
the Director for increases or decreases of energy-intensive
materials based upon the price FOB source on the day of bidding and
actual invoice price FOB source on the day of delivery.
This authorization is to be applied only to such contracts as
may be determined by the Director and approved by the Transportation
Commission and further specified in the notice to bidders.
Status: in_force · Read it on the official government site
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