Section 80IAC9-5-4. Notice to proceed; extensions of time; notice of withdrawal of bid and rejection of contract

   (a) Within sixty (60) days from the date on which bids are opened, the executive director may award a contract, or if approval is obtained from the commission based upon the dollar amount of the contract under 80 IAC 8-3-8 the commission shall award a contract and direct the contracts department to provide the successful contractor with written notice to proceed.

  (b) If the executive director or the commission fails to award and execute a contract and to direct the issuance of a notice to proceed within sixty (60) days after bids for the contract are opened, the successful contractor may grant one (1) or more extensions of time to award a contract, to execute the contract, and to provide a notice to proceed. The date that an extension of time granted under this subsection expires must be a date upon which the executive director and the successful contractor agree.

  (c) After the sixty (60) day period set by subsection (a) and all extension periods set under subsection (b) have expired, a successful contractor may elect to withdraw its bid and reject the contract only by delivering a written notice to the consulting engineer or architect that grants the consulting engineer or architect at least fifteen (15) additional days to award a contract to the successful contractor. (State Fair Commission; 80 IAC 9-5-4; filed Nov 7, 2016, 3:46 p.m.: 20161207-IR-080160210FRA)